West Texas Intermediate crude oil rallied today as several positive economic reports were released in the United States yesterday. The S&P/
Meanwhile, gold rose a little today, but remained relatively weak ahead of the Federal Reserve monetary policy decision. The Fed has started to discuss the policy yesterday and will announce its decision today. It is possible that the US central bank will reduce stimulus even more and the positive US data increases chances for such an event. This is not a good outlook for the precious metal. Futures for delivery of gold in April ticked up $2.2 (0.18 percent) to $1,252.7 per troy ounce on COMEX today after falling 0.6 percent to $1,248.9 per ounce yesterday.
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