Spot gold was up 0.9% at $1,946.09 per ounce by 0307 GMT, after declining more than 3.5% to a near one-week low on Wednesday. U.S. gold futures fell 0.9% to $1,952.90. The Fed on Wednesday warned the economic downturn triggered by the COVID-19 pandemic faces a highly uncertain path and reiterated the need for additional fiscal stimulus.
