Gold set to snap three-week losing streak as Fed holds rates steady

September 18, 2015 12:56 AM

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Gold set to snap three-week losing streak as Fed holds rates steady

SINGAPORE Gold firmed near a two-week high on Friday and was on track to snap a three-week losing streak after the Federal Reserve decided to hold U.S. interest rates steady due to worries over the global economy.

Spot gold was flat at $1,130.70 an ounce at 0036 GMT, not far from a two-week high of $1,133.20 reached in the previous session. The metal is headed for a 2-percent weekly gain, following three weeks of losses.

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