Gold extended losses to a third session on Wednesday as investors turned jittery ahead of the U.S. Federal Reserve’s statement on the outlook for its bond-buying stimulus.
A rebound in stock markets after Turkey raised its key interest rates, calming fears about emerging markets, also hurt safe-haven gold.
The Fed is widely expected to announce a second cut to its bond purchases at the end of its two-day policy meeting on Wednesday, after announcing an initial $10 billion cut in December.
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