Gold prices end higher ahead of Fed minutes

Gold futures finished higher on Wednesday ahead of the release of minutes of the Federal Reserve’s January meeting.

Fed minutes were released at 2 p.m. Eastern Time, about half an hour after gold prices settle on Comex, and indicated that Fed officials harbored concerns about risks building in the global economy and may be inclined to leave interest rates unchanged at their next meeting in March.

April gold GCJ6, -0.17%  closed $3.20, or 0.3%, higher at $1,211.40 an ounce, after closing modestly lower on Tuesday as some investors shifted out of the perceived safety of assets like gold, which have benefited from a bout of trepidation over slowing global economic growth, and bought riskier stocks.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my