Gold prices drift higher as Fed stands pat on key interest rate
Thu, May 2, 2024 8:32 AM

Gold prices drift higher as Fed stands pat on key interest rate

A Flip by Shubhangi Gupta
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Gold prices edged higher on Thursday after the U.S. Federal Reserve kept its key interest rate steady, as expected, and indicated that it is still leaning toward eventual rate cuts. Spot gold was up 0.3% at $2,323.66 per ounce, as of 0037 GMT, after climbing more than 1% in the previous session. U.S. gold futures rose 1% to $2,333.30 per ounce.

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