Gold Prices Extend Gains After Dovish Fed Stance

Gold prices edged higher for a second session on Thursday as the dollar extended losses after minutes of the latest Federal Reserve meeting hinted at a dovish approach to interest rate hikes in the United States.

Spot gold was up 0.2 percent at $1,295.16 per ounce at 0359 GMT, after gaining nearly 0.2 percent in the previous session.

U.S. gold futures for June delivery were up 0.4 percent at $1,294.60 per ounce.

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Suhani Verma

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