Gold prices were down on Thursday in Asia following the conclusion of the U.S. Federal Reserve’s two-day monetary policy meeting.
Gold Futures for December delivery traded 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 delivered an expected rate cut overnight. It was the second rate cut for 2019, trimming rates by 25 basis points.
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