KONTAN.CO.ID - JAKARTA. Gold firmed on Thursday as the dollar gave up some gains that were driven by the U.S. central bank signalling faster-than-expected interest rate hikes, but receding fears over the Evergrande crisis limited interest for safe-haven bullion. Spot gold was 0.3% higher at $1,772.62 per ounce by 1213 GMT, while U.S. gold futures fell 0.3% to $1,773.80. The dollar retreated from a one-month high as investors processed the outcome of this week's Federal Reserve meeting and subsequent statement by Fed chair Jerome Powell that a tapering of stimulus measures was not far away.
Gold firms as dollar loses ground post Fed verdict
KONTAN.CO.ID - JAKARTA. Gold firmed on Thursday as the dollar gave up some gains that were driven by the U.S. central bank signalling faster-than-expected interest rate hikes, but receding fears over the Evergrande crisis limited interest for safe-haven bullion. Spot gold was 0.3% higher at $1,772.62 per ounce by 1213 GMT, while U.S. gold futures fell 0.3% to $1,773.80. The dollar retreated from a one-month high as investors processed the outcome of this week's Federal Reserve meeting and subsequent statement by Fed chair Jerome Powell that a tapering of stimulus measures was not far away.