Gold prices rose at the settlement of trading the day before yesterday, in light of the markets evaluating the path of monetary policy expected by the Federal Reserve during the coming period. Gold futures contracts for December delivery rose at settlement by 0.3%, or the equivalent of $6, to $1,945.6 per ounce, reducing the losses achieved during the previous session, and ending the week’s trading without change.
Susan Collins, President of the Federal Reserve Bank of Boston, said: “I expect interest rates to remain higher, and for a longer period, than previously expected, and further tightening is not excluded.”
