London: Gold prices extended gains yesterday to touch their highest in more than nine months after the Federal Reserve raised interest rates by an expected 25 basis points.
Spot gold was up 0.1 percent at $1,951.79 per ounce, after hitting its highest since April 2022 earlier in the session. US gold futures rose 1.3 percent to $1,967.40.
Elsewhere, spot silver gained 0.8 percent to $24.17 per ounce, scaling a one-week high. Platinum rose 0.6 percent to $1,009.69 while palladium edged down 0.2 percent to $1,665.82.
The Fed delivered a quarter-percentage-point rate increase on Wednesday after a year of larger hikes.
