Metals Stocks: Gold ends fractionally higher after biggest plunge in over a year

Gold gained in electronic trade Wednesday following the release of the minutes from the Federal Reserve’s meeting in January, which suggested that central bankers were expecting inflation to tick higher but still remained sanguine over the possibility of the economy overheating.

April gold GCJ8, -0.39% added $3.80, or 0.3%, to $1,335 an ounce after settling at $1,332.10 earlier. March silver SIH8, -1.13% climbed 24 cents, or 1.5%, to $16.68 an ounce versus settlement of $16.61 an ounce.

The Fed’s transcript showed that several officials expected inflation to accelerate this year but only “a couple” of officials were worried about the economy growing too hot and too fast.

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