Gold price higher as Federal Reserve leans less hawkish

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Gold price higher as Federal Reserve leans less hawkish
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Gold price higher as Federal Reserve leans less hawkish gold silver FederalReserve

- Gold and silver prices are higher in early U.S. trading Thursday, in the wake of the U.S. central bank raising its main interest rate by a quarter-point, but also suggesting rates will not continue to rise. April gold was last up $31.50 at $1,981.40 and May silver was up $0.239 at $23.02.

Global stock markets were mixed overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The key outside markets today see the U.S. dollar index slightly up following sharp losses Wednesday. Nymex crude oil futures prices are lower and are trading around $70.50 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.472%.

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