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Gold rallies as doves drive Fed policy

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Gold prices rose to 1-1/2-week highs on Wednesday, extending gains after the US Federal Reserve held interest rates unchanged but sent a strong signal for monetary policy tightening before the end of 2016.

"The case for an increase in the federal funds rate has strengthened," the US central bank said in a statement following a two-day policy meeting.

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Reuters

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    Original URL: https://www.afr.com/business/mining/gold/gold-rallies-as-doves-drive-fed-policy-20160921-grlnu0