The price of gold is up more than 1% Thursday morning, moving toward the $1,970 per troy ounce mark, trading data show. Quotes are supported by a weakening dollar after a U.S. Federal Reserve (Fed) meeting.

The price of April gold futures on the New York Comex Exchange rose by $25.75, or 1.33%, to $1,968.55 a troy ounce. March silver futures rose 2.74% to $24.255 an ounce.