NEW YORK (MarketWatch) -- Gold futures ended on a slight gain Wednesday as investors cheered the Federal Reserve's prior-session pledge to maintain U.S. interest rates at exceptionally low levels and as the Bank of Japan doubled the scale of its lending programs.
"World markets have been boosted by the Federal Reserve and Bank of Japan's soothing words and policies continuing [...] cheap money policies," said Mark O'Byrne, analyst at GoldCore in emailed comments.
Gold for April delivery ended up $1.70, or 0.2%, at $1,124.20 an ounce at the New York Mercantile Exchange.
