Gold Stays Flat After Fed Decision
Gold prices got little kick from the Federal Reserve's decision of no changes to the interest rate. The announcement allowed gold to stay essentially flat as investors digest the report and await Fed Chair Jerome Powell's comments.
The report kept the assumption of two rate cuts this year. Decisions of the Fed have come under consistent fire from President Trump, who again called on Powell to cut rates in comments made to the press Wednesday.
Front-month gold futures gained 0.1% to $3,389.80 a troy ounce in today's session.
Source: Dow Jones Newswires