Gold rises aggressively in EU session

The precious metal, gold, appreciated aggressively to one-week highs during the EU trading session, following the FED's dovish approach on futures rate hikes.

Gold futures to $1,228.65

Gold futures on the Comex division traded to $1,228,65 a troy ounce, while spot gold approached $1,225.75 per ounce escalating $6.30.

Silver futures for delivery in May traded to $17.46 a troy ounce surging 3.2% or 53.9 cents, copper futures to $2.689 a pound rising 1.2% or 3.3 cents, palladium to $770.80 an ounce adding 3.4%, and platinum to $970.80 jumping 3.6%.

The New Zealand and the Australian dollar traded lower versus the greenback (U.S. dollar) today. The AUD/USD approached the 0.7694 zone declining 0.21%. The NZD/USD traded to 0.7008 dropping 0.55%.

Following the FED's two-day policy meeting outcome, there was an increase in interest rates from 0.75% to 1.00%, a rise of 25 basis points, meeting the estimations. The U.S. dollar index changed slightly and traded at 100.39.

New Zealand's GDP for Q4 in 2016 climbed 0.4% and was below the expectations for a rise of 0.7%. On a year-on-year basis, the nation's GDP appreciated in the last quarter 2.7% and was below the estimations for a growth rate of 3.1%.

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