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Gold futures rose Wednesday, as higher oil prices, a lower dollar and Israel's decision to move further into Lebanon boosted demand for the metal as a safe-haven instrument and inflation hedge.
Most economists and analysts focused on the tone of the accompanying statement.
The Fed said inflation pressures remain but surprised some analysts saying that they should moderate in the coming months. They also said economic growth had moderated because of high energy costs and the gradual cooling of the housing market.
Economists were divided on whether the statement leaned more toward further rate hikes or an end to the cycle, concluding that the central bank had left all options open. |
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