KONTAN.CO.ID - SINGAPORE. Gold prices inched higher on Thursday, after hitting a three-week low in the last session, as investors took solace in the U.S. Federal Reserve's plan to dial back its stimulus without hiking interest rates for a while. Spot gold rose 0.1% to $1,771.87 per ounce by 0612 GMT, after touching its lowest since Oct. 13 on Wednesday. U.S. gold futures gained 0.6% to $1,773.70. In a widely expected move, the Fed said it would start trimming its monthly asset purchases in November with plans to end them by mid-2022.
Gold edges higher after Fed taper plan
KONTAN.CO.ID - SINGAPORE. Gold prices inched higher on Thursday, after hitting a three-week low in the last session, as investors took solace in the U.S. Federal Reserve's plan to dial back its stimulus without hiking interest rates for a while. Spot gold rose 0.1% to $1,771.87 per ounce by 0612 GMT, after touching its lowest since Oct. 13 on Wednesday. U.S. gold futures gained 0.6% to $1,773.70. In a widely expected move, the Fed said it would start trimming its monthly asset purchases in November with plans to end them by mid-2022.