Gold Rises After Fed Stands Pat on Interest Rates – Wall Street Journal

Gold prices rose Thursday after the Federal Reserve voted to keep interest rates pinned near zero, though a majority of officials still expect to tighten monetary policy before year-end.

Fed policy makers voted nine-to-one to keep the federal funds rate range unchanged at 0% to 0.25%. Fed officials said that while the U.S. economic picture has continued to improve, wild swings in global markets and weakness in the economies of key trading partners could ‚Äúrestrain economic activity somewhat and are likely to put further…