LONDON: Gold pulled back from a one-week high on Thursday when the dollar recovered after tumbling a day earlier following the US Federal Reserve’s decision on interest rates.
The Fed raised benchmark rates for the third time this year as widely expected, but maintained its outlook of three rate increases in 2018 on low inflation concerns.
Platinum dipped 0.2pc to $882.85 an ounce. On Tuesday, it touched its lowest since February, 2016. Palladium shed 0.6pc to $1,010 an ounce.
Silver fell 0.6pc to $15.97 an ounce, after hitting a five-month low of $15.59 in the previous session.
Published in Dawn, December 15th, 2017
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