Gold prices gave up the bulk of their losses on Wednesday to finish just a dime lower, finding support after Reuters reported that phase one of a U.S.-China trade deal might not be reached this year.
That lifted haven demand for the precious metal. Prices then moved even lower as minutes from the Federal Reserve’s October meeting, released after the gold price settlement, showed that Fed officials were more optimistic about the economic outlook and were against using negative rates in the next recession.
December gold was at $1471.50 an ounce in electronic trading, following a settlement at $1,474.20, down a dime, or 0.01%, for the session.
Source : Market Watch