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Gold prices end higher then seesaw after the Fed lifts interest rates

41061 gold prices end higher then seesaw after the fed lifts interest rates

Gold prices settled higher on Wednesday, then seesawed — moving higher, then lower in electronic trading after the Federal Reserve announced the biggest interest-rate hike in nearly 30 years. Fed officials lifted the fed funds rate by 75 basis points to the 1.5% to 1.75% range. August gold GCQ22, +0.69% was last at $1,818.50 an ounce in electronic trading shortly after the announcement. That follows a settlement of $1,819.60, up $6.10, or 0.3%, for Wednesday’s session.

Source: Marketwatch

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