Gold was steady -- following four days of declines -- after the Federal Reserve paused interest-rate increases but signaled it wasn't done with tightening just yet.

Short-term Treasury yields rose Wednesday after the Fed projected more hikes than the market had anticipated. That saw bullion pare an earlier gain to end little changed. Higher rates are generally negative for the precious metal, which doesn't offer interest.

Gold is now near the bottom of the $1,940 to $1,980 an ounce trading range that it's been in this month.

Spot gold was steady at $1,942.59 an ounce as of 8:31 a.m. in Singapore. The Bloomberg Dollar Spot Index was little changed after dropping 0.5% over the previous two sessions. Silver, platinum and palladium all edged lower.

Source : Bloomberg