Gold prices finished higher on Wednesday to tally a fourth straight session gain as concerns of a slowdown in the global economy helped boost investment interest in the precious metal.
Prices then moved slightly lower in electronic trading following the minutes of the Federal Open Market Committee's March monetary policy meeting. The majority of meeting participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the interest-rate target range unchanged for the rest of the year.
In electronic trading, gold for June delivery was at $1,311.50 an ounce. The contract had climbed by $5.60, or 0.4%, to settle at $1,313.90 an ounce on Comex, ahead of the release.
Source : MarketWatch