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Battered gold futures stabilize as investors wait for rate clues from Fed

October 12, 2016

Gold futures churned little changed on Wednesday, risking their eighth loser in nine sessions, as markets waited for the release of policy-meeting minutes expected to shed light on Federal Reserve’s interest-rate intentions.

December gold GCZ6, -0.08%  changed hands at $1,255.70 an ounce, barely moved from where it stood late Tuesday. The contract had twisted between narrow gains and losses so far early Wednesday. December silver SIZ6, -0.19%  slipped 3 cents, or 0.2%, to $17.48 an ounce; it had traded in positive territory at one point early Wednesday.

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