Gold settled lower on Wednesday with strength in Treasury yields pressuring prices for the precious metal. Gold prices then moved up shortly after the Federal Open Market Committee kept its benchmark interest rate unchanged near zero, as expected, and said it sees no rate hikes through 2023.
April gold GCJ21, 1.14% was at $1,735.90 an ounce in electronic trading, following a settlement at $1,727.10, down $3.80, or 0.2%, for the session.