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Gold stabilized lower on Wednesday with strong Treasury yields putting pressure on precious metal prices. Gold prices then rose shortly after the Federal Open Market Committee kept its benchmark interest rate unchanged near zero, as expected, and said it saw no rate hikes until in 2023. April or GCJ21,
was $ 1,735.90 an ounce in electronic trading, after settling at $ 1,727.10, down $ 3.80, or 0.2%, for the session.
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