WASHINGTON (dpa-AFX) - Gold was steady Friday morning, holding onto big gains from the previous two sessions as the dollar drifted lower against the euro.
Metals rallied in the aftermath of Wednesday's murky Federal Reserve statement.
The Fed removed its promise to be 'patient' on interest rate hikes, but then downgraded its assessment of the U.S. economy and signaled tightening won't occur until the second half of the year.
Gold was up $1 at $1170 an ounce this morning, having risen sharply from a 5-month low of $1142 seen early in the week.
Silver's upmove fizzle out, however. May silve was down 0.9 percent at $16.16 an ounce.
Copyright RTT News/dpa-AFX