Gold Settles 0.3% Higher As Dollar Slips

By Wallace WitkowskiMarketsMarketWatch Pulse

Gold futures settled higher Thursday, building on gains seen in electronic trading Wednesday following the Federal Reserve's release of policy meeting minutes, as the dollar slipped. Gold for December delivery settled up $3.80, or 0.3%, at $1,257.60 an ounce, while the U.S. dollar retreated 0.4% against a basket of major currencies. A weaker dollar provides a boost to dollar-denominated commodities. Silver for December delivery , on the other hand, settled down 4.7 cents, or 0.3%, at just under $17.46 an ounce.

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