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Goldplat plc

Gold Approaches Six-Month High as Fed Uncertainty Weighs on Dollar

Gold prices rose to fresh six-month highs on Wednesday, as investors awaited a decision by the Federal Reserve that could raise more questions about the future path of monetary policy.

Bulls Regain Control

Precious metals rose across the board Wednesday, feeding into a rally that re-emerged late last month. Gold for February settlement climbed $5.90, or 0.5%, to $1,259.50 a troy ounce on the Comex division of the New York Mercantile Exchange. Bullion last traded near these levels in early July. Prices are up 2.9% over the past four weeks.

 

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.