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Gold futures end higher after Fed decision

17 Dec 2020 Evaluate
Gold futures ended higher on Wednesday, extending gain to second session in a row followed by the US Federal Reserve’s promise to pin the benchmark interest rate near zero till a complete economic recovery. Intensified cues for more fiscal stimulus measures by US government also lifted inflation hedge appeal of the bullion.

Gold futures for February delivery settled up 0.2% to $1,859.10 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.5% at $1,862.72 per ounce.