Gold prices inched higher on Thursday, after hitting a three-week low in the previous session, as investors took solace in the U.S. Federal Reserve's plan to start tapering its stimulus without hiking rates for the time being.
Gold prices eased on Wednesday, ahead of a crucial Federal Reserve decision, as investors await cues on the U.S. central bank's plan to taper its pandemic-induced stimulus amid signs of rising inflation.
Gold prices rose on Wednesday, as a subdued dollar outweighed pressure from elevated U.S. bond yields and lingering fears over earlier-than-expected interest rates hikes.