Gold’s Safe-Haven Appeal Gets a Polish After Fed Comments – Wall Street Journal

Gold prices jumped after the Federal Reserve’s decision a day ago to hold interest rates steady, as the U.S. central bank’s concern about soft global economic growth burnished the case for investing in safe-haven precious metals.

The gold market closed Thursday before the release of the Fed statement and subsequent news conference by Chairwoman Janet Yellen, so Friday’s settlement was the first to reflect investors’ sentiment in the wake of the U.S. central bank’s decision to stand pat on interest rates. Gold prices…