Soft COMEX gold treads water in morning before FOMC

Newswire

NEW YORK, June 23 (Reuters) - COMEX gold was little phased by another drop in the euro early Monday, marking time before this week's Federal Reserve interest rate meeting with traders expecting either a half or quarter percentage point easing. Fed policy makers begin 2-day talks on Tuesday, building up to the meeting in recent weeks with comments that deflation was a potential threat to the struggling U.S. economy. But recent data suggesting that a recovery might be taking hold led Fed ...

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