Gold marks highest finish since mid-September, retreats after Fed meeting minutes

Gold prices ended higher for a ninth consecutive session Wednesday, buoyed by recent weakness in the dollar and safe haven demand fed by protests in Iran. After futures prices settled, minutes from the Federal Reserve’s December meeting showed a sharp divide over the central bank’s own forecast of three interest-rate hikes this year. In electronic trading, February gold was at $1,311.80 an ounce, after settling with a gain of $2.40, or 0.2%, at $1,318.50, the highest finish for a most-active futures contract since Sept. 15, according to FactSet data.

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