Gold prices fell on Thursday to the lowest in more than a week,  after the U.S. Federal Reserve dashed investors' hopes for more stimulus to support the coronvirus-hit economy. Spot gold dropped 0.8% to $1,943.87 per, after falling to its lowest level since Sept. 9 at $1,932.36. U.S. gold futures settled down 1.1% to $1,949.90. The Fed pledged to keep rates pinned near zero levels until inflation was on track to "moderately exceed" its 2% inflation target "for some time." Bullion has gained 28% so far this year, helped by near-zero interest rates globally and demand for a hedge against perceived inflation. However, the U.S. central bank also stated that it expected faster economic recovery than previously forecast, with unemployment falling more quickly than it had expected in June. Meanwhile, U.S. new jobless claims remained perched at higher levels last week suggesting stalling labor market recovery.