``The Fed raised U.S. rates on Wednesday as expected, but left its earlier forecast of three rate increases this year unchanged, disappointing some investors who had hoped for hints of a possible fourth hike in 2017. /FRX Spot gold was up 0.2 percent at $1,228.96 an ounce at 1053 GMT, taking its gains this week to 2 percent... Failure to deliver swift tax cuts and regulatory reform could puncture a rally in U.S. stocks, said Edward Meir at INTL FCStone.''

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