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Gold Prices Fall After Fed Meeting, Still Above $1,500 Level

Gold costs were down on Thursday in Asia following the finish of the U.S. Central bank’s two-day fiscal arrangement meeting.

Gold Futures for December conveyance exchanged 0.9% lower at 1,501.55 per ounce on the Comex division of the New York Mercantile Exchange by 12:30 AM ET (04:30 GMT).

The move came after the Federal Reserve conveyed a normal rate cut medium-term. It was the below average cut for 2019, cutting rates by 25 premise focuses.