Spot gold pares gains after Fed hikes interest rates
GLD•Gold pares gains after Fed rate hike
Sept. 16 (Reuters) - Gold prices pared some gains on Wednesday after the U.S. Federal Reserve raised interest rates and flagged further increases in borrowing costs in coming months.
Spot gold XAU= was up 0.9% at $4,330.19 per ounce as of 2:03 p.m. EDT, after climbing as much as 1.6% to around $4,365.57/oz earlier in the session.
