Gold prices dropped sharply Thursday, a day following the Federal Reserve kept short-term interest rates unchanged but left the door open to December rate hike.
Gold for December delivery closed at $1,159.30 an ounce, down 1.5%. The yellow metal touched its one-week high Wednesday but fell after the release of Fed statement. Meanwhile, December copper was at $2.360 a pound.
December silver futures ended at $15.94 an ounce, down 2.2%. Palladium for December delivery settled at $673.95 an ounce, down 1.8%, while Palladium for January was at $1,001.10 an ounce, down 1.2%.
The material has been provided by InstaForex Company – www.instaforex.com
Gold prices dropped sharply Thursday, a day following the Federal Reserve kept short-term interest rates unchanged but left the door open to December rate hike.
Gold for December delivery closed at $1,159.30 an ounce, down 1.5%. The yellow metal touched its one-week high Wednesday but fell after the release of Fed statement. Meanwhile, December copper was at $2.360 a pound.
December silver futures ended at $15.94 an ounce, down 2.2%. Palladium for December delivery settled at $673.95 an ounce, down 1.8%, while Palladium for January was at $1,001.10 an ounce, down 1.2%.
The material has been provided by InstaForex Company – www.instaforex.com
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