Gold Little Changed in Asian Trading as Investors Await U.S. Fed Meeting

(Bloomberg) -- Gold was little changed in Asia as
investors waited to see if the Federal Reserve will change its
interest rate target, which may affect the value of the U.S.
dollar and the appeal of the metal as an alternative investment.

Gold usually moves in the opposite direction to the U.S.
currency. The central bank's policy makers will meet June 27-28
and decide whether to keep the target rate unchanged at 5.25
percent. The Fed last raised the target in June 2006.


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