Gold Gains To Settle At 3-month High As Dollar Softens

By Sue Chang Markets MarketWatch Pulse

Gold prices rose on Thursday to close at their highest level since November as the Fed minutes released Wednesday did not indicate any firm resolve on the part of the central bank to hike interest rates soon. The lack of clear signal from the Federal Reserve in monetary policy pressured the dollar which helped to boost appetite for dollar-denominated assets such as gold. April gold gained $18.10, or 1.5%, to settle at $1,251.40 an ounce.

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