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Gold Gains Most in a Week on U.S. Fed Reserve Rate Caution

  • Minutes showed Fed officials were in no rush to raise rates
  • Gold holdings in exchange-traded funds increase by 5.6 tons
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Why Investors Should Bet on Gold

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Gold gained the most in a week after Federal Reserve minutes indicated policy makers remained cautious about raising U.S. interest rates, making the precious metal look more competitive against interest-bearing assets.

Minutes of the Fed’s March 15-16 meeting released Wednesday showed officials highlighted persistent risks facing the global outlook and the threats they posed to the health of the U.S. economy. Gold is benefiting, with traders giving about a 50-50 chance of a rate increase by December.