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Gold $3,863.11 $6.87 0.18% Silver $47.60 $0.63 1.35% Platinum $1,580.20 $9.26 0.59% Palladium $1,254.95 $5 0.4%

Gold drifts lower after Powell pushes back prospect of March rate cut

Gold drifts lower after Powell pushes back prospect of March rate cut

Jan 31 (Reuters) - Gold prices reversed course and edged lower on Wednesday after the Federal Reserve Chair Jerome Powell pushed back strongly against expectations of a U.S. rate cut by March.

Spot gold eased 0.1% at $2,034.37 per ounce by 03:10 p.m. ET (2010 GMT) after rising as much as 1% earlier in the session. Bullion was down 1.3% this month but have held above the $2,000 per ounce psychological level so far this year...[LINK]

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