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Gold gains support from weak dollar post-Fed, Palladium sets record

Published 17 Hours AgoUpdated 4 Hours AgoReuters

Palladium peaked to an all-time high on Thursday, while gold gained on a weaker dollar and as investors looked for clarity on future U.S. interest rates after the Federal Reserve on Wednesday signaled a higher bar to further monetary easing.

Spot gold rose 0.5% to $1,500.55 per ounce. U.S. gold futures settled down about $9, or 0.6%, to $1,506.20 an ounce.

Separately, palladium climbed 2.1% to $1,623.94, after touching a record peak of $1,627.75 earlier in the session.