• Gold stabilized near a three-week high

Market news

21 September 2015

Gold stabilized near a three-week high

Gold is currently at $1,137.60 (-0.02%) near a three-week high amid weak equities. The precious metal surged after the Federal Reserve decided to keep its interest rates unchanged citing weakness of overseas economies. Thus investors will watch developments in China closely. Markit Economics will release its preliminary report on China's September Manufacturing PMI on Wednesday. However bullion is still under pressure, because many market participants still expect a rate hike this year.

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