Gold prices decline amid Fed meeting results and US trade policy

Gold prices fell on Thursday morning due to a combination of factors, including the results of the Federal Reserve meeting and US trade policy.

Report informs, citing the trading data, that the price of December gold futures on the New York Comex exchange dropped by $4.88, or 0.15%, to $3,347.92 per troy ounce compared to the previous close.

September silver futures fell by 1.28% to $37.258 per ounce.

Investors are showing caution following Wednesday’s news. The Federal Reserve, as expected, kept its interest rate unchanged at 4.25–4.5% per year. Later, Fed Chair Jerome Powell stated at a press conference that changes in US government policy are ongoing and their impact on the economy remains unclear.