US gold rises 1 pct on firmer oil, post-Fed buying

Newswire

NEW YORK, March 22 (Reuters) - Firmer oil and renewed buying after the Federal Reserve distanced itself from future rate hikes lifted gold futures 1 percent early Thursday, but traders warned investors could lock in profits ahead of the contract's first notice day next week. At 10:33 a.m. EDT (1433 GMT), most-active gold futures for April delivery on the COMEX division of the New York Mercantile Exchange were up $6.30 at $666.30 an ounce. They traded between $663.50 and $667.60--a ...

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