Gold prices kept its momentum high, hovering near its one week high after the Federal Reserve stood pat on interest rates and signaled moderate economic growth for next year. Better than expected US consumer prices in Nov, supported the Fed’s interest rate decision.

Base metals surged after consolidating in a broad range for around a month now. Copper prices rose to a five-month high on hopes that the US would delay imposing more trade tariffs on goods from China, which would signal a detente in the dispute that has sapped metals demand

Crude oil prices dropped by…