Gold Rises to 28-Week High on German Ruling, Fed Outlook
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Gold fell from the highest in more than six-months as investors weighed whether the Federal Reserve will signal a new round of measures to boost the U.S. economy tomorrow.
The Federal Open Market Committee plans to release a statement tomorrow after a two-day meeting. The metal surged 70 percent from the end of December 2008 to June 2011 as the Fed kept borrowing costs at a record low and bought $2.3 trillion of debt in two rounds of so-called quantitative easing.