Gold prices edged lower on Thursday as investors booked profits after a 1.5 per cent rise in the previous session, opting for riskier assets like equities after the US Federal Reserve held interest rates steady at the end of a two-day policy meeting.
Spot gold was down 0.3 per cent at $1,332.80 an ounce by 0402 GMT, while US gold futures rose 0.4 per cent to $1,336.70 an ounce.
Asian shares surged on Thursday, taking their cue from Wall Street, slugging the dollar and lifting most commodity prices.
For more information and new contact Epic Research.
Spot gold was down 0.3 per cent at $1,332.80 an ounce by 0402 GMT, while US gold futures rose 0.4 per cent to $1,336.70 an ounce.
Asian shares surged on Thursday, taking their cue from Wall Street, slugging the dollar and lifting most commodity prices.
For more information and new contact Epic Research.
Gold down on profit-taking as stocks rally after Fed holds rates
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