Comex U.S. gold futures rose slightly, but still below the prior
Comex U.S. gold futures rose slightly, but still below the prior 16-year peak on Thursday due to steady dollar in holiday thinned trade and the Federal Open Market Committee's decision to raise U.S. interest rates by 0.25 percentage point to 2 percent.
December gold futures settled at $435.40 an ounce, up 90 cents, after moving between $432.50 and $436.20. Estimated turnover was 40,000 contracts.
Spot gold was last at $434.35/5.10 an ounce, up from $432.75/3.50 at the New York close Wednesday and that same session's 16-year high at $437.25. Thursday's afternoon fix in London was at $433.80.