* Fed committed to support economy until recovery is more secure * Dollar trading near more than two-week low * Markets eye Powell's speech at IMF conference (Recasts, adds comments; updates prices) By Diptendu Lahiri April 8 (Reuters) - Gold prices rose on Thursday, as yields on longer-term U.S. Treasuries dropped along with the dollar after the Federal Reserve in its latest policy meeting minutes reinforced expectations that interest rates would remain low for some time. Spot goldXAU= gained 0.3% at $1,741.85 per ounce by 0927 GMT. U.S. gold futuresGCv1 rose 0.1% to $1,742.90 per ounce. "Gold is gaining at the moment as it is tracing the path of the U.S. Treasuries, which is also putting some pressure on the dollar," said Yingtao Jin, an analyst at StoneX Group.US/ USD/ "As the Fed mentioned, they see the economy strong at the beginning of 2022, but that is at a cost of rising inflation rate, which can go out of hand and that is the time when we will see some solid gains in gold." Non-yielding gold is widely considered as a hedge against increasing inflation. Fed officials are committed to supporting the economy until its recovery is more secure, minutes of the U.S. central bank's most recent policy meeting released on Wednesday showed.urn:newsml:reuters.com:*:nL1N2M01WM Several policymakers also indicated they thought interest rates might need to increase sooner than anticipated, although there was little sense of urgency around that issue in the minutes. "The Fed was very assuring about its stand on interest rates, although investors are not convinced," said Michael McCarthy, chief market strategist at CMC Markets. "Investors are expecting the Fed will have to hike interest rates as early as January 2022 as it becomes a huge task once inflation starts going out of control." Investors now await Fed Chair Jerome Powell's speech at a virtual International Monetary Fund conference later on Thursday. Among other metals, silverXAG= rose 0.3% to $25.18 per ounce and palladiumXPD= was down 0.4% at $2,613.74. PlatinumXPT= dipped 0.1% to $1,224.03. (Reporting by Diptendu Lahiri in Bengaluru; editing by Uttaresh.V, Subhranshu Sahu and Amy Caren Daniel) ((Diptendu.Lahiri@thomsonreuters.com; within U.S. +1 651 848 5832; outside U.S. +91 80 6749 3683;; Reuters Messaging: diptendu.lahiri.thomsonreuters.com@reuters.net))

Warning: This material has been prepared by a third party company, Reuters, which is independent of Davy. Davy has not reviewed the material and accepts no responsibility for errors or omissions, or for the information or opinions contained therein. It does not constitute investment advice.
Warning: This content may be provided by regulated and unregulated entities and is not created, reviewed or endorsed by Davy. It is provided for general information purposes only and does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Importantly, it does not constitute investment advice, as it does not contemplate the personal circumstances of any particular person or group of persons. Neither Davy nor the providers of the Third Party Content will be liable for any investment decision made based on the reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.
Latest News

ReutersUS STOCKS-Wall St ends week positively; S&P 500, Dow hit record highs
ReutersUS STOCKS-Wall St closes with weekly gains, S&P 500, Dow hit record highs
ReutersUPDATE 9-Oil nudges down but secures weekly gain on recovery hopes
ReutersFOREX-Dollar at 4-week low on retreating Treasury yields
ReutersUS STOCKS-S&P 500, Dow hit record highs as Wall St indexes eye weekly gains
ReutersPRECIOUS-Gold heads for best week in 4 months on subdued dollar, yields
ReutersUPDATE 2-FTSE 100 ends second week higher on higher commodity prices, rebound bets
ReutersUPDATE 2-European stocks notch new highs as Daimler earnings lift carmakers
ReutersUS STOCKS-S&P 500, Dow hit record highs on bank earnings boost
ReutersFOREX-Dollar slips to 4-week low hurt by recent retreat in yields