Gold for February delivery dropped $5.80, or 0.5%, to settle $1,285.90 an ounce but the precious metal pared some of its earlier losses after the Federal Reserve™s policy statement. March silver futures recovered to close flat at $18.09 an ounce.
The Fed remained upbeat about the economy, noting its œsolid growth and œstrong job gains. The central bank officials repeated that inflation is likely to reach the 2% target and that the Federal Reserve can be œpatient in tightening the monetary policy, according to the statement.
On Tuesday, gold prices enjoyed another move higher, after a sharp, unexpected fall in U.S. durable-goods orders hammered equities and spurred demand for haven plays.
Sumber : ewfpro.com
