• Gold futures on the COMEX division of the New York Mercantile Exchange falls on Wednesday as traders prepared for the Federal Open Market Committee (FOMC) announcement due after the market's close.
• The most active gold contract for April delivery falls 1.9 U.S. dollars, or 0.16 percent, to settle at 1,200.70dollars per ounce.
• Silver for May stayed unchanged at 16.923 dollars per ounce.
• Gold prices are higher as the Federal Reserve raised interest rates, as expected, by 25 basis points but keeps its outlook relatively unchanged from previous projections.
• Ahead of the report, gold prices were trading in positive territory above around key support at $1,200 an ounce. In reaction to the statement and new projections, April Comex gold futures last traded at $1,210.20 an ounce, up 0.63%.
• Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 4.44 tonnes at 839.34 tonnes on Tuesday.
Reference: Xinhua, Kitco
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