Commodity Market Update : Epic Research Malaysia

Gold prices settled lower Wednesday but strengthened in electronic trading after minutes of the Federal Reserve’s latest meeting showed central bankers were worried about the strength of the U.S. dollar.

Gold for December delivery GCZ4, +1.64% fell $6.40 to settle at $1,206 an ounce ahead of the release of the minutes. But the yellow metal was up $10.90 at $1,223.30 in electronic trading after the FOMC minutes showed that Federal Reserve officials were wary of changing their forward guidance on rates for fear of spooking financial market participants.

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