Gold prices held near 3-month highs Wednesday morning amid calls for the Federal Reserve to delay raising interest rates.
China’s economy minister urged the Fed not to tighten, fearing a further drop in demand for Chinese-made products from U.S consumers.
Some Fed officials themselves are now saying it may be wise to hold off until the global economy is on stronger footing.
Yesterday, Fed Governor Daniel Tarullo said he would not expect it to be appropriate to raise interest rates this year.
U.S gold for December was up 3 dollars at $1168 an ounce, having risen to $1176 overnight on the Comex.
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