The most active gold contract for February delivery rose 7.8 U.S. dollars, or 0.44 percent, to close at 1,784.3 dollars per ounce.
Investors took action on hedging against the COVID-19 Omicron variant on Wednesday as they entered and exited positions in safe-haven metals, partially to deal with results of margin calls made on Tuesday during the stock market downturn.
Economic data released on Wednesday were mixed. Automatic Data Processing Inc. reported that 534,000 jobs were created in the private sector in November, better than a median forecast of 506,000 but down from the reading of 570,000 in October.
The Institute for Supply Management's U.S.-based manufacturing index rose to 61.1 percent in November from 60.8 percent in October.
Silver for March delivery fell 47.6 cents, or 2.09 percent, to close at 22.339 dollars per ounce. Platinum for January delivery rose 7.9 dollars, or 0.85 percent, to close at 935.2 dollars per ounce.
Latest comments