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22-Sep2016

Gold futures end higher on Wednesday

Gold futures ended higher on Wednesday after the Federal Reserve left interest rates unchanged, but sent a strong signal for monetary policy tightening before the end of 2016. Yellow metal prices further improved as the dollar slipped against a basket of major currencies.

Gold futures for December delivery gained $13.20, or 1 percent to settle at $1,331.40 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was up 1.2 percent to $1,330.08 an ounce.

 


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