Gold gains as U.S. dollar weakens after Fed decision

Glittering haven: Gold of various weights and sizes sit at Gold Investments Ltd bullion dealers in London. — Bloomberg

BENGALURU: Gold prices gained on Thursday, as the dollar weakened after the U.S. Federal Reserve decided it would end its pandemic-era bond-buying programme in March, with investors now awaiting policy decisions from other major central banks.

Spot gold was up 0.3% at $1,782.81 per ounce, as of 0551 GMT, while U.S. gold futures jumped 1% to $1,783.00.