Credit: Investing.com -
Investing.com - Gold prices fell in Asia on Thursday after trhe Federal Reserve signaled it remained on track to raise interest rates this year, though the timing remains uncertain.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.11% to trade at $1,285.80 a troy ounce in Asia, while silver futures eased 0.56% to $17.987 a troy ounce.
Gold edged lower in quiet trade on Wednesday as the Federal Reserve said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year.
The U.S. central bank repeated it would be "patient" in deciding when to raise benchmark borrowing costs from zero, where they have been stuck since late-2008.
The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, edged down 0.04% to 94.85 in early Asia.
Elsewhere in metals trading, copper for March delivery rose 0.13% to trade at $2.462 a pound.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
