Nov 09, 2018 07:11 AM IST | Commodities
Gold edges down as Fed's interest rate view strengthens dollar
Spot gold was down 0.1 percent at $1,221.78 per ounce at 0124 GMT. Prices fell to their lowest in a week at $1,219.59 in the previous session.
The Fed's statement on Thursday overall reflected little change in its outlook for the economy since its last policy meeting in September. Inflation remained near its 2 percent target, unemployment fell, and risks to the economic outlook were still felt to be "roughly balanced."
The euro zone economy will continue expanding but risks ranging from trade tensions to high asset prices are growing, European Central Bank President Mario Draghi told Irish lawmakers on Thursday.
Published Date: Nov 9th, 2018 07:11 AM | Updated Date: Nov 09, 2018 07:11 AM IST