Gold prices rose as soon as the U.S. Federal Reserve announced that it may slow the pace of interest rate hikes in the future.
Globally, gold prices bounced above the key $1,750 an ounce level on Thursday, consolidating gains after minutes of the U.S. Federal Reserve’s latest meeting signalled slower interest rate hikes.
Spot gold rose 0.4% to $1,755.73 per ounce by 0321 GMT. U.S. gold futures advanced 0.6% to $1,755.90.
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