Gold prices settled higher Wednesday for the first time in three sessions, finding support as the U.S. dollar weakened. Philadelphia Fed President Patrick Harker on Wednesday said he advocated a “pause” on rate hikes while the central bank starts to pare its balance sheet. Prices had ended Tuesday at a five-week low. August gold rose $2.30, or 0.2%, to settle at $1,245.80 an ounce.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
