Gold futures were little changed Thursday, as traders assessed a flurry of US economic data and the Federal Reserve’s latest interest rate decision.
April gold was down 20 cents to settle at $1,116.10/oz.
The Fed held steady on interest rates yesterday, saying the US “economic growth slowed” since its last meeting in December, and that inflation remains stubbornly low.
Today, the Commerce Department said durable goods orders plunged by 5.1 percent in December. Economists had expected orders to dip by just 0.6 percent.
National Association of Realtors data showed a much smaller than expected increase in pending home sales in the month of December.
The material has been provided by InstaForex Company – www.instaforex.com