Gold drove toward $1,300 an ounce after the minutes from the last Federal Reserve meeting in December revealed policy makers took a more cautious approach to further rate increases, hurting the dollar.
Spot gold +0.2% to $1,296.41/oz at 7:20am in London, after +0.6% Wednesday: Bloomberg generic pricing. Last week, bullion for immediate delivery rose to as much as $1,298.60/oz, while futures briefly topped $1,300.
Investors are also monitoring developments after U.S.-China trade talks. The Trump administration is pushing for a way to make sure Beijing delivers on its commitments in any deal the two nations reach to defuse a trade war that has roiled financial markets and hurt the outlook for global growth.
Source : Bloomberg