Gold prices rose on Thursday, and investors held on to their hopes that the Federal Reserve would cut interest rates at a significant rate this year, even after the US central bank ruled out the idea of lowering them in March.
Gold rose in spot transactions 0.4 percent to $2,045.65 per ounce by 0213 GMT. Yesterday, Wednesday, the metal touched the highest level in more than two weeks at $2,055.89 before paring gains to end the session with an increase of 0.1 percent.
While US gold futures fell 0.2 percent to $2,063.20.
The Federal Reserve kept interest rates unchanged and ruled out cutting them in the spring. He also dropped a long-term reference to possible further increases in borrowing costs.
The dollar index rose 0.2 percent, while standard US Treasury bond yields approached their lowest levels in more than two weeks at 3.9426 percent.
As for other precious metals, silver rose in spot transactions by 0.3 percent to $22.97 per ounce. Platinum increased 0.2 percent to $919.95, and palladium rose 0.4 percent to $980.34.
