Commodities
Gold Jumps Amid Fed Rate Hike and Oil Price Reversal
Gold prices rose on Thursday as investors digested the U.S. Federal Reserve's interest rate hike and its signal that further policy tightening may follow, while an earlier rally in oil prices lost momentum.
Spot gold was up 0.8% at $4,295.26 per ounce, a near six-week low hit on Wednesday.
The Fed's decision to raise rates has investors weighing the potential for further economic tightening and its impact on various asset classes, including gold and oil.