Gold settles lower, trades little changed after Fed policy statement

Gold settled lower on Wednesday with strength in Treasury yields helping prices post back-to-back session declines. Gold prices were little changed shortly after the Federal Open Market Committee kept its benchmark interest rate unchanged near zero, as expected. The Fed will continue with its asset purchases and was more upbeat about the economic outlook. June gold
was at $1,773.10 an ounce in electronic trading, following a settlement at $1,773.90, down $4.90, or 0.3%, for the session.

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