Gold futures settled at a two-week high on Thursday, adding to gains that accelerated after the Federal Reserve signaled it would be less “patient” in hiking interest rates but indicated that rate increases would come at a gradual pace.
Gold for April delivery GCJ5, +0.07% on Comex rose $17.70, or 1.5%, to settle at $1,169 an ounce. Prices haven’t settled at a level this high since March 5.
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