Gold investing news : Gold rises 1% above $ 1,200 an ounce after the Fed comments

investing in gold : Gold prices more than 1% rose during the Thursday session, to trade above $ 1,200 an ounce after the Fed said it will take a period of time before they are raising the interest rate.
On the Comex division of the New York Mercantile Exchange, gold rose delivered in February by 1.04% to trade at $ 1,206.90 per ounce.
Gold ended the February contract on Wednesday, up by 0.02% to trade at $ 1,194.50 per ounce, after declining more than 1 percent earlier in the day amid volatility in the markets on a large scale after the decline in oil prices and lower the Russian ruble.
At the conclusion of its monthly meeting of the policy on Wednesday, the Fed said it will take a period of time "before raising interest rates, while the said directives are consistent with previous data on keeping interest rates low" for a long time. "
The central bank acknowledged that the improvement in the labor market in the United States, and pointed out that the economy is making progress towards achieving the goals of inflation and employment.
In the press conference that followed the meeting of the Federal Reserve Bank, Chairwoman of the Board of the Federal Reserve Janet Yellen that he is unlikely to be raised interest rates over the next few meetings, adding that such a step would be in the earliest in April.
Elsewhere in metals trading, March silver / March delivery rose 0.75% to trade at $ 16.098 an ounce, while March copper / March delivery fell 0.19% to $ 2.865 a pound. gold investing news