Gold rises following Fed hikes rates

CHICAGO, March 23 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday, after the Federal Reserve raised rate by 25 basis points on Wednesday and signaled one more rate increase this year.

The most active gold contract for April delivery rose 46.30 U.S. dollars, or 2.37 percent, to close at 1,995.90 dollars per ounce.