Gold prices gave up earlier lows on Wednesday to end higher for a fifth session, then eased back in electronic trading from their settlement shortly after the release of the U.S. Federal Reserve’s Beige Book. The report, which offers a snapshot of domestic economic activity, said the pace of growth continues to be “modest to moderate.” The report comes ahead of the Fed’s next monetary policy meeting, during which the central bank is expected to keep short-term interest rates steady. February gold was at $1,338.30 an ounce in electronic trading. Prices had gained $2.10, or 0.2%, to settle at $1,339.20 an ounce for the session, their highest since Sept. 8, according to FactSet data.
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