Gold Steadies After Fed Boosts Economic View
This article is for subscribers only.
Spot gold gold traded little changed, paring earlier losses, after the U.S. Federal Reserve upgraded its view of the economy while leaving its key interest rate near zero.
Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened, Fed officials said in a statement Wednesday after a two-day meeting. The central bank also maintained its monthly pace of asset purchases.