Gold prices fall more as FED indicated more rate hikes.
Gold prices dropped to their lowest in over 10 months on Thursday with the dollar surging after the United States raised interest rates for the first time in a year and further hint that it can hike more in 2017.
Spot gold had edged down 0.1 percent to $1143.05 an ounce by 0301 GMT, after earlier touching its weakest level since February 3 at $ 1134.71
Oil prices fall after Fed hike
Oil prices dropped on Thursday as a hike in US interest rate drove money away from commodities and into US bonds and the dollar, but a tighter fuel market looms in 2017 due to planned production cuts led by OPEC and Russia.
US West Texas Intermediate (WTI) crude oil futures were trading at $ 50.87 per barrel at 0235 GMT , down 17 percent from their last settlement.
Some analyst have an opinion that a stronger dollar in which oil is traded , can hit crude demand as it makes fuel purchases more expensive for countries using other currencies at home.
Beyond the bearish impact from the US interest rate hike, oil prices were also dragged down by rising output from the OPEC.