NY gold unchanged in early trade, all eyes on FOMC

Newswire

NEW YORK, March 28 (Reuters) - U.S. gold futures were flat at the open on Tuesday, amid some light rollover trade, with business cautious ahead of a Federal Reserve policy statement that could hint how long the Fed intends to keep raising rates, sources said. The Fed's Open Market Committee on Tuesday resumed its two-day meeting, the first led by new Fed Chairman Ben Bernanke. The panel is expected to raise rates a quarter point to 4.75 percent as well as issue a statement on policy. ...

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