Gold Rises, Erases Loss, as Fed Says Interest Rates to Be Low Through 2014

Gold rose, erasing an earlier loss, after the Federal Reserve said it expects “exceptionally low” interest rates through at least late 2014. Gold futures for February delivery rose 0.3 percent to $1,669.50 an ounce at 12:33 p.m. on the Comex in New York. Earlier, the contract fell as much as 0.9 percent.

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