Gold rises 3% on Federal Reserve’s decision

Mubasher: Gold prices increased by 3% on Thursday after the U.S. Federal Reserve decided to keep the interest rate unchanged.

Gold futures rose by 2.8% or $35.1 to $1,264.9, according to MarketWatch data.

The Federal Reserve maintained the interest rate at 0.25-0.5%, expecting to raise it twice in 2016.

 

Mubasher Contribution Time: 17-Mar-2016 10:54 (GMT)