Gold steadies after fall as Fed keeps patient stance on rates


Spot gold was nearly flat at US$1,284.91 an ounce by 0034 GMT, not far below a five-month top of US$1,306.20 reached last week - Reuters Photo.

SINGAPORE: Gold steadied above US$1,280 an ounce on Thursday after the US Federal Reserve reiterated it would be patient in deciding when to raise interest rates, keeping bullion trading in recent ranges.

Spot gold was nearly flat at US$1,284.91 an ounce by 0034 GMT, not far below a five-month top of US$1,306.20 reached last week.   

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