Gold futures settle lower, then move higher after Fed cites growing 'uncertainties'

New York (June 19)  Gold futures finished with a modest loss on Wednesday, easing back after settling a day earlier at their highest in 14 months. Prices for the precious metal then climbed in electronic trading after the U.S. Federal Reserve left key interest rates unchanged, but also said it will "closely monitor" the economy in light of growing "uncertainties." August gold GCQ19, +0.24% was at $1,353 an ounce shortly after the Fed policy statement. The contract settled down $1.90, or 0.1%, at $1,348.80 on Comex, ahead of the Fed decision.

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