MW: Gold futures head lower after Fed lifts interest rates
Gold futures settled higher Wednesday, then fell from that level in electronic trading after the Federal Reserve said it will raise interest rates for the first time in more than nine years. February gold GCG6, +0.83% settled before the Fed news at $1,076.80 an ounce, up $15.20, or 1.4%. It was at $1,068.60 in electronic trading shortly after the announcement.
