COMEX gold edges above $4500 per ounce mark on Thursday morning in Asia, recovering from a one-month low. The yellow metal has been under pressure as surge in energy prices has been fueling inflationary concerns amid stalled US-Iran peace talks and favors the dollar. Meanwhile, the US central bank held its key policy rate unchanged at 3.50%-3.75%. This was the third straight policy when the US Federal Reserve kept the rates unchanged. Meanwhile, the central bank cited higher inflation as the reason behind its action. Currently, gold futures are trading at $4568.80 an ounce, up 0.21% on the day while silver futures hold around $72.50 an ounce mark. Powered by Commodity Insights |