Bengaluru — Gold prices steadied on Thursday, after shedding 0.5% in the previous session as the US Federal Reserve delivered a less-dovish outlook on monetary tightening than many had expected. In a widely anticipated decision, the US central bank hiked interest rates by 25 basis points on Wednesday. But what took markets by surprise was the Fed's commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth. Spot gold rose 0.1% to $1,244.56 per ounce at 5.06am GMT, after declining the most since November 27 in the previous session. Prices crossed the 200-day moving average of about $1,252 an ounce before the Fed's statement on Wednesday. US gold futures declined 0.7% to $1,247.7 per ounce on Thursday. "The Fed was not exactly clear on what they will do. They did say they would increase interest rates, but would be more patient in doing so," said Brian Lan, MD at dealer GoldSilver Central in Singapore. "General consens...

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