Gold prices trade steady around USD1200 after the FED statement being "patient" with rising rates and the positive outlook on the U.S. economy. A broadly stronger U.S. dollar after better-than-expected data on Initial jobless Claims and low oil prices weigh on gold. Rallying stock markets put further pressure on the metal.The precious metal is currently quoted at USD1,197.40 or -0,02% a troy ounce.

GOLD currently trading at USD1,197.40