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6/20, 2:46 AM (Source: TeleTrader)
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Precious metals rise, gold highest in three years

Precious metals traded in the green after the United States Federal Reserve decided to leave interest rates unchanged. The Fed stated it will keep the target range steady at 2.25%-2.5%. It added there will be no rate cuts at least until 2020, despite US President Donald Trump's disagreement with the bank's policies.

Gold reached its highest point since July 2016, gaining 0.50% against the dollar to sell for $1,367.18 at 2:51 am CET.

Silver was up 0.73% and sold for $15.27 per ounce at 2:55 am CET, its highest price since April. At the same time, platinum added 0.25%, going for $814.58 per ounce, while palladium increased by 0.08% and went for $1,505.53 per ounce.

Breaking the News / DJ