Gold futures settle modestly higher, then hold ground after the Fed decision

Gold futures settle modestly higher, then hold ground after the Fed decision

Gold futures finished with a slight gain on Wednesday, then held ground close to that settlement after the U.S. Federal Reserve left its benchmark short-term interest rate unchanged in a range between $1.5% and $1.75%. February gold was at $1,569.90 an ounce in electronic trading, shortly after the Fed policy statement. The contract settled up 60 cents, or 0.04%, at $1,570.40 on Comex, ahead of the Fed news.

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