Gold surges $20 as dollar extends losses on dovish Fed

Investing.com - Gold prices rallied on Thursday, as the dollar tumbled to five-week low against a basket of major currencies after the Federal Reserve lowered both its U.S. growth forecast and its interest-rate projections, prompting investors to push back expectations on the timing of an initial rate hike... (Full story)

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery hit an intraday peak of $1,198.70 a troy ounce, the most since June 1, before trading at $1,197.60 during U.S. morning hours, up $20.70, or 1.76%...(Full story)