Gold prices settle lower, then see volatile trading after Fed policy statement

Gold prices fell on Thursday, with strength in the U.S. dollar prompting the metal to post its fourth loss in five sessions. After prices settled, the Federal Reserve said it held interest rates steady and signaled that it will stay the course and move rates up at a gradual pace in coming months. Gold prices saw volatile trading following the Fed news, seesawing between modest moves higher and lower. December gold GCZ8, -0.27% lost $3.60, or 0.3%, to settle at $1,225.10 an ounce. In electronic trading, it was last at $1,225.30.

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