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Gold prices stand still in Asia

On Friday, gold prices were mostly steady during Asia trade, capping for recent revenues made as The Fed held steady and the BOJ took a new tack on easing this week.

In New York, December delivery gold futures demonstrated small profits and losses. They rose 0.02%, reaching $1,340.95 per troy ounce.

Overnight, gold prices managed to extend their overnight revenues during North America's trading session on Thursday, hitting a fresh two-week high as the greenback sold off after the Fed held off on surging interest rates and scaled back the number of rate lifts it expects next year.

The Fed left interest rates intact at the conclusion of its policy gathering on Wednesday, though hinted that a lift could arise in December if the job market keeps improving.

At the same time, the American major bank also dropped the number of rate increases it expects in 2017 and in 2018, as the median projection of forecasts issued with its post-meeting statement states.


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