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Gold ends with modest gain, then falls under $1,300
Thursday, 14 June 2018 01:16 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices ended higher on Wednesday, then fell below $1,300 an ounce in electronic trading after the U.S. Federal Reserve lifted a key interest rate to a range of 1.75% to 2%.

The benchmark ICE U.S. Dollar Index gave up earlier weakness following the Fed's decision. The central bank also signaled that it will raise the cost of borrowing four times this year. August gold was at $1,299.30 an ounce in electronic trading. Prices rose $1.90, or nearly 0.2%, to settle at $1,301.30 an ounce before the Fed announcement.

Source : Marketwatch

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