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Gold jumped to its strongest in more than a month in choppy trade on Thursday after a promise by the US Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal. The physical market in Singapore saw a mixture of activity, with jewellers cashing in on gold following gains in prices, but trading was muted in Hong Kong, where many dealers had yet to return to work after the Lunar New Year break.
Gold was steady at $1,710.19 an ounce by 0659 GMT after earlier hitting a high of $1,713.59, its highest since mid-December, and then falling to a low around $1,705.

Copyright Reuters, 2012

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