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Gold Rises, Erases Loss, After Fed Comment on Interest Rates

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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