Gold jumps as US Fed signals rate-hike pause imminent

WORLD CAPITALS, 22nd March, 2023 (WAM) -- Gold prices climbed on Wednesday after the U.S. Fed toned down its aggressive approach to reining in inflation.

Spot gold was up 1.7% at $1,973.52 per ounce by 3:56 p.m. EDT (1956 GMT), after advancing as much as 2%. U.S. gold futures settled 0.4% higher at $1,949.6