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Gold jumps over 3% to fresh highs as Asia stock markets trade mixed after U.S. Fed holds rates
['Lee Ying Shan', 'In Ying-Shan-Lee']
International: Top News And Analysis
Spot gold prices rose to a fresh record Thursday after the U.S. Federal Reserve overnight kept its benchmark rate steady at a target range of 3.5% to 3.75%.
The bullion rose more than 3% to breach the $5,500 per ounce mark for the first time.
Hong Kong Hang Seng Index rose 0.23% in choppy trade, while mainland's CSI 300 fell 0.31%.
Trading halted after the benchmark fell 8% on Thursday, according to a press release from the bourse, while the Indonesian rupiah weakened marginally to 16,778 against the greenback.
Singapore's central bank left its monetary policy unchanged Thursday, while warning of upside risks to inflation and demand as the city-state's economic outlook stays resilient.