Gold Up, Hits 4-Week High, on Safe-Haven Demand; FOMC Minutes Get Mixed Reviews

by / Wednesday, 19 August 2015 / Published in Gold & Silver

Gold prices were moderately higher in afternoon trading Wednesday, in the wake of much-anticipated FOMC minutes that contained something for both the U.S. monetary policy hawks and the doves, but which moved gold prices only slightly higher. Gold scored a four-week high Wednesday on safe-haven demand amid market place worries about China’s stock market and financial system. December Comex gold was last up $12.60 at $1,129.80 an ounce. September Comex silver was last up $0.455 at $15.245 an ounce.

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Source: Kitco