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Gold futures trade higher for day, poised for modest weekly gain

September 18, 2020

Gold futures edged up Friday morning and looked likely to post a weekly gain but the metal has thus far failed to score a big boost from Federal Reserve policy that signals a lower-for-longer path for interest rates for the next three to four years.

“Bullion is waiting for new market drivers, as investors seem to have fully priced in the current scenario and the hyper-expansive monetary policies of central banks,” wrote Carlo Alberto De Casa, chief analyst at ActivTrades in a research note on Friday.

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