W3Schools

Metals Stocks: Gold prices find some traction as Fed minutes pack few surprises

Shutterstock

Gold bars

Gold futures prices advanced Thursday, so far building on the modest after-hours gain notched Wednesday when largely as-expected policy meeting minutes from the Federal Reserve did little to sway expectations for slow, data-driven rate hikes at the central bank.

December gold GCZ6, +0.58% rose $6.80, or 0.5%, to $1,260.60 an ounce. It traded up at $1,257 an ounce in late-Wednesday’s electronic-trading session, reacting to the Federal Open Market Committee minutes.

Gold had finished the regular trading session lower and is on track to end the week relatively little changed, confined in narrow trading bands after last week’s plunge was the largest in more than three years.

>>> Original Source <<<

Comentários