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Gold settles higher, extends gains in electronic trade after Fed minutes

“Gold prices climbed on Wednesday to snap a three-session streak of declines, as traders eyed developments ahead of U.S.-China trade talks” writes Markets Commodities Reporter for marketwatch.com. Prices then extended those gains in electronic trading after minutes from the Federal Open Market Committee’s September meeting showed that Fed officials had grown more worried about the economy.In electronic trading, gold for December delivery GCZ19, +0.63% was at $1,513 an ounce shortly after the meeting minutes. The contract had climbed by $8.90, or 0.6%, to settle at $1,512.80 an ounce on Comex, ahead of the news.
 
Source: marketwatch.com



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