Home / Market News / Gold marks a third straight gain, then moves higher in electronic trade after Fed statement

Gold marks a third straight gain, then moves higher in electronic trade after Fed statement

Gold prices settled higher Wednesday for a third straight session, then moved even higher after the Federal Open Market Committee said it plans to keep key interest rates near zero through 2023. In electronic trading, gold for December delivery was at $1,974.90 an ounce shortly after the policy announcement. The contract had climbed $4.30, or 0.2%, to settle at $1,970.50 an ounce on Comex, ahead of the Fed news.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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