Gold in Asia rose to a one-week high on Thursday morning. The U.S. The Federal Reserve did not provide a deadline for its plans in its latest policy decision and said it was “a way out” of considering interest rate hikes.
Gold futures rose 0.81% to $ 1,814.20 on July 20. The dollar, which normally moves against gold, fell on Thursday after hitting a two-week low during the previous session.
The central bank presented its decision on Wednesday, tapping assets on the agenda of the previous two-day Federal Open Market Committee meeting.
However, Federal Reserve Chairman Jerome Powell said that although the Fed did not set a deadline, it was not until the Fed began to reduce its assets that the U.S. He also underestimated the risk of COVID-19 and its delta variant continuing to spread to the U.S. economic recovery worldwide.
Leading the COVID-19, U.S. Centers for Disease Control and Prevention said Wednesday that districts have 66.6% transfer rates of COVID-19, which is enough to guarantee a resumption of internal mask policies.
Among other precious metals, silver rose 0.9%, palladium 0.6% and platinum 0.8%.