Gold Logs Best One-day Gain Since Late October

By Mark DeCambreMarketWatch Pulse

Gold futures logged their largest single-day gain in about a month Thursday, a day after minutes from the Federal Reserve signaled that a majority of its members favored a rate increase as early as December. A weak dollar , which retreated as traders took some profits on earlier gains in the currency, helped lift the metal. December gold gained $9.20, or 0.9%, to close at $1,077.90 an ounce, marking its best one-day gain since Oct. 28, according to FactSet data.

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