Investing.com - Gold prices fell in Asian trading on Thursday following the Fed announcement to begin scaling back a monthly bond-buying program, which was taken as sign of economic recovery in U.S. and strengthened the dollar against most major currencies.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,223.30 a troy ounce, down 0.97%, after hitting an overnight session low of USD1,227.10 a troy ounce and high of USD1,236.60 a troy ounce.
Gold prices have fallen in recent sessions as investors priced in less monetary support from the U.S. central bank, though uncertainty as to how the precious metal will react to an actual announcement allowed for quiet but edgy trading.
Elsewhere on the Comex, silver for March delivery was down 0.88% at USD19.883 a troy ounce, while copper for March delivery was up 0.03% and trading at USD3.320 a pound.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,223.30 a troy ounce, down 0.97%, after hitting an overnight session low of USD1,227.10 a troy ounce and high of USD1,236.60 a troy ounce.
Gold prices have fallen in recent sessions as investors priced in less monetary support from the U.S. central bank, though uncertainty as to how the precious metal will react to an actual announcement allowed for quiet but edgy trading.
Elsewhere on the Comex, silver for March delivery was down 0.88% at USD19.883 a troy ounce, while copper for March delivery was up 0.03% and trading at USD3.320 a pound.