Aerial view of Singapore skyline.
Tong Thi Viet Phuong | Torque | Getty Images
Gold prices rose to a new record on Thursday after the US Federal Reserve kept its benchmark interest rate steady in its target range of 3.5% to 3.75%.
Bullion rose more than 3% to breach the $5,500 an ounce mark for the first time.
Asia-Pacific markets were in mixed trade on Thursday. Australian S&P/ASX 200 decreased by 0.6%.
of Japan Nikkei 225 futures showed a stronger open for the market, with the Chicago futures contract at 54,070 and its Osaka counterpart at 53,980, compared with the previous close of 53,358.71.
Hong Kong Hang Seng index futures were at 27,565, down from the HSI’s last close of 27,826.91.
Investors are watching Indonesia’s Jakarta Composite, which fell more than 8% on Wednesday after index provider MSCI announced a possible downgrade of the country to frontier market status.
Overnight in the USA, The S&P 500 It hit a significant level, hitting 7,000 for the first time, before retreating as the Federal Reserve. left interest rates unchanged and increased the price of its economic growth.
The broad market index ended the day down 0.01% at 6,978.03. Earlier, the S&P 500 rose 0.3% on the day to hit an intraday high of 7,002.28.
The Dow Jones Industrial Average It added 0.02% to close at 49,015.60. The Nasdaq Composite exceeded and increased by 0.17% and settled at the level of 23,857.45.
Treasury revenues moved up Following the Fed’s decision, a statement from the central bank indicated that economic activity “expanded at a strong pace” and the unemployment rate “showed some signs of stabilization.”
“I think, and many of my colleagues think, looking at the incoming data, it’s hard to say that policy is very tight at the moment,” Fed Chairman Jerome Powell said at a news conference.
— CNBC’s Sean Conlon and Pia Singh contributed to this report.