Gold rises after limited impact from Fed hike(WWW.COMMODITY.GURU)

As expected the U.S. Federal Reserve raised interest rates for the third time this year on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth.

“The fact that the Fed didn’t come out as overly hawkish meant there was some positivity felt through emerging market currencies.

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