Gold Extends Losses as Fed Refrains From More Stimulus Measures
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Gold futures slumped to a seven-week low after the Federal Reserve refrained from taking new actions to boost growth.
Most U.S. stocks fell and the dollar extended gains against the euro after the Fed took no additional monetary policy steps to stimulate the U.S. economy. The central bank said the U.S. is “expanding moderately, notwithstanding some apparent slowing in global growth.”