Gold futures settle at highest in 2 weeks

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Gold futures climbed for a second straight session on Tuesday to settle at their highest in two weeks ahead of the Federal Reserve’s statement on monetary policy due Wednesday. “The Fed is in focus and may help break the gold price out of this consolidation-phase price range” it’s been stuck in for the last several weeks, Peter Spina, president and chief executive officer at GoldSeek.com, told MarketWatch. December gold edged up by $2.50, or 0.1%, to settle at $1,966.20 an ounce. That was the highest settlement for most-active contract since Sept. 1, according to FactSet data.
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