President Donald Trump wasted no time criticizing the Federal Reserve after it held interest rates steady Wednesday, posting a message to his social media platform Wednesday afternoon arguing Fed chair Jerome Powell and the central bank "failed to stop the problem they created" on inflation.

The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.”

Gold traded in a relatively narrow range on Thursday as investors focused on U.S. President Donald Trump's tariff plans and a key inflation report for further monetary policy cues. Spot gold was up 0.

Gold rose to a record high as investors flocked to safety after US President Donald Trump reiterated threats to impose tariffs on Mexico and Canada.

This also comes after the US Federal Reserve (Fed) kept interest rates unchanged at 4.25-4.5 per cent on Wednesday.