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Gold retains losses as Fed says soft U.S. economy only transitory

Last Updated: Thursday, April 30, 2015, 06:57

Gold retained losses from overnight on Thursday, as the Federal Reserve characterised the recent slowdown in the U.S. economy as only transitory, not ruling out an interest rate hike this year.

U.S. economy stumbles in first quarter as weather, low energy prices weigh

Last Updated: Thursday, April 30, 2015, 02:18

U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.