Gold futures continued to rise Wednesday, jumping to their highest closing price since June.
The recent rally in gold has been fueled by indications that the Federal Reserve has grown reluctant to raise rates this year.
Gold for December delivery gained $14.40, or 1.2%, to settle at $1,179.80 an ounce on Comex.
December silver rose 21 cents, or 1.3%, to $16.117 an ounce.
U.S. economic activity continued to expand modestly from mid-August through early October, the Fed said in its Beige Book report Wednesday.
Manufacturing conditions were “generally sluggish” and wage gains were “mostly subdued,” bad signs ahead of the winter.
The material has been provided by InstaForex Company – www.instaforex.com