CHICAGO, May 5 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as U.S. stocks fell sharply.
The most active gold contract for June delivery rose 6.9 U.S. dollars, or 0.37 percent, to close at 1,875.7 dollars per ounce.
The market is also digesting the Federal Reserve's 0.5-percent rate hike on Wednesday. Federal Reserve Chairman Jerome Powell at a news c