User blog:Ripplesadvisory/MCX GOLD MARKET UPDATE BY RIPPLES ADVISORY



  G   old eased on    Thursday, after the Federal Reserve kept the doo    r open for an interest    rate hike in June, although it indicated it was in no hurry to take such a step.



   Spot   gold had eased 0.1 percent to $1,244.50 an ounce by 0043 GMT. The metal has gained a    bout 1 percent in the last three s    essions.



   Gold rose as far as $1,250.09 on Wednesday, but pared gains after the Fed statement.

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<p style="text-align: left;"> <span style="font-family: Georgia,"Times New Roman",serif;">  U.S. short-term interest rate futures contracts swung down, then up on Wednesday after the Fed's statement. Prices currently reflect the expectation the Fed will wait until September before raising rates, the same as before the Fed's meeting.

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