Gold prices rose slightly in the Asian session, but the gains displayed were unable to cover the biggest daily losses from the previous trading session.
The outcome of a very shocking FOMC meeting from the Federal Reserve (Fed) on Wednesday has rocked many markets, including equities, currencies and bonds.
The Fed has kept interest rates and its bond -buying program unchanged, as widely expected.
However, hawkish expectations from the Fed about the possibility of a faster -than -expected interest rate hike and optimistic projections for economic growth, gold prices continued to sink below the $ 1,800 per ounce level.
In the Asian session, spot gold traded higher at $ 1,785 per ounce, after touching a five -week low of $ 1,767 per ounce in the previous session. Gold futures traded positive at $ 1,786 an ounce.
Although 10 -year U.S. bond yields showed a decline, the yellow metal failed to rise higher due to the strong U.S. dollar.
