Gold Slips Toward $4,000 After Fed Holds Rates in Split Vote
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The Fed held rates Oct. 28 in a 10-2 vote, with Lisa Cook and Beth Hammack dissenting in favor of a hike. Warsh floated cutting annual meetings from eight to six. December hike odds fell to 78% from 84%. Gold fell about 0.7% to roughly $4,039 and approached $4,000 support. Central bank demand data, China's import jump, a World Bank commodity forecast and a US letter to Iran also emerged.
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