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Hong Kong holds base rate at 5.75% while US Fed assures market that delayed rate cuts have not been derailed

Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.

Gold holds firm as investors look to inflation data

Spot gold firmed 0.3% at $2,035.92 per ounce as of 9:35 a.m. ET (1435 GMT). US gold futures rose 0.3% to $2,044.10 per ounce.

Gold is poised for new all-time highs in 2024 - World Gold Council

Gold leaps above $2,000 as dollar weakens on Fed pause bets

Spot gold was up 0.5% at $2,001.97 per ounce by 2:30 p.m. ET (1930 GMT), and has risen over 1% so far this week. US gold futures settled 0.5% higher at $2,003.00.

Fed shifts into cautious policy mode as risks become more two-sided

The latest policy meeting readout, by contrast, said that "all participants judged it appropriate to maintain" the current rate setting, a stance that will be clarified at the Fed's Dec. 12-13 meeting when policymakers issue a new set of detailed projections for interest rates and the economy.

Gold marches ahead to the beat of a weaker US dollar

Spot gold gained 1.1% to $1,999.29 per ounce, as of 12:17 p.m. ET (1717 GMT), after earlier hitting $2,007.29, its highest level since Nov. 3. US gold futures gained 1.1% to $2,001.40.

Stocks keep gains after Fed decision; 10-year Treasury yield hits two-week low

The US central bank announced in a policy statement that it had decided to hold the policy rate steady in its current 5.25% to 5.50% range for now.

Federal Reserve Leaves US Interest Rates Unchanged at 22-Year High

At its monthly meeting on Wednesday, the US Federal Reserve again declined to raise interest rates above their already-record-high point, marking the fourth consecutive meeting at which they have maintained rates.

US Existing Home Sales Hit 13-Year Lows Amid Soaring Lending Rates, Tight Supply

Sales of existing homes in the United States dropped to a 13-year low as spiraling rates on mortgages along with limited supply kept many off the market, the National Association of Realtors said Thursday.

Gold trims gains after Fed strikes hawkish tone

Spot gold was up 0.6% at $1,942.19 per ounce at 2:41 p.m. EDT (1841 GMT) after rising as much as 0.9% earlier in the session. U.S. gold futures settled 0.7% higher at $1,967.10.