Gold steady near 6-week high, focus on fed meeting
1/24/2012 11:09:53 AM
SINGAPORE: Gold hardly moved on Tuesday as firm Tokyo futures and a pick up in demand in India helped it defy pressure from a euro that was weakened after European finance ministers rejected an offer by Greece's private creditors to help restructure its debts.
Investors are closely watching the outcome of a two-day Federal Reserve meeting which ends on Wednesday for any signs that interest rates will stay lower for longer, as that could put some pressure on the U.S. dollar.
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