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Metals Stocks: Gold logs 4-session climb to settle at a 2-week high

Luke Sharrett/Bloomberg

Gold bars are displayed inside the Denver Mint in Denver, Colorado.

Gold futures logged a fourth-straight advance Thursday, settling at their highest level in about two weeks, amid the Federal Reserve’s reluctance to lift interest rates and its emphasis on a gradual path toward normalizing monetary policy at its most recent meeting.

The yellow metal, and the broader metals complex, closed higher Wednesday and extended their price move in the after-hours session when the Fed left interest rates unchanged as was widely expected.

Read:Fed holds off interest-rate hike but only ‘for the time-being’

However, the Fed did indicate that it hoped to hike rates by the end of 2016, with a contingent of policy setters at the Federal Open Market Committee tilting toward raising rates sooner than later.

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