Gold futures ended lower on Thursday as dollar strengthened after the US Federal Reserve raised worries over the slow pace of economic recovery in the United States, while kept its key interest rates and monthly bond purchases unchanged. Delay in a $1.9 trillion US corona virus stimulus package deal too puts further pressure on gold prices.
Gold futures for February delivery lost $7 or 0.4%, to settle at $1,837.90 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.1% to $1,842.21 per ounce.