Gold futures on the COMEX division of the New York Mercantile Exchange finished moderately higher on Wednesday in a fluctuating session.
The most active gold contract for April delivery was up 1.1 dollars, or 0.08 percent, to settle at 1,315.10 U.S. dollars per ounce.
Investors, with their eyes on a tentative agreement reached by Republicans and Democrats in U.S. Congress in a bid to avert another government shutdown, are anxious to see whether President Donald Trump will finally sign the deal or not.
Safe-haven demand supported the gold. However, as the U.S. dollar turned to be stronger and equities climbed, gold futures pared initial gains before falling into negative territory in the ensuing electronic trading.
The U.S. dollar index, a gauge of the greenback against a basket of other major currencies, rebounded above 97 around noon time, while the Dow Jones Industrial Average, S&P 500 and Nasdaq kept their upturn.
As for other precious metals, silver for March delivery went down 3.8 cents, or 0.24 percent, to close at 15.652 dollars per ounce. Platinum for April delivery was up 2.20 dollars, or 0.28 percent, to settle at 791.80 dollars per ounce.
The most active gold contract for April delivery was up 1.1 dollars, or 0.08 percent, to settle at 1,315.10 U.S. dollars per ounce.
Investors, with their eyes on a tentative agreement reached by Republicans and Democrats in U.S. Congress in a bid to avert another government shutdown, are anxious to see whether President Donald Trump will finally sign the deal or not.
Safe-haven demand supported the gold. However, as the U.S. dollar turned to be stronger and equities climbed, gold futures pared initial gains before falling into negative territory in the ensuing electronic trading.
The U.S. dollar index, a gauge of the greenback against a basket of other major currencies, rebounded above 97 around noon time, while the Dow Jones Industrial Average, S&P 500 and Nasdaq kept their upturn.
As for other precious metals, silver for March delivery went down 3.8 cents, or 0.24 percent, to close at 15.652 dollars per ounce. Platinum for April delivery was up 2.20 dollars, or 0.28 percent, to settle at 791.80 dollars per ounce.
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