Gold Makes Small Gains, Steadies Three-Day Losing Streak

Gold rose $1.30 to reach $1,296.15 per ounce on Wednesday.

Gold made some slight gains on Wednesday’s close, climbing $1.30 to reach $1,296.15 per ounce. As Reuters reported, the rise in price has steadied the yellow metal’s losing streak for the past three days. US gold futures for December delivery rose $0.30 to reach $1,297.00 per ounce.

Keeping demand low is renewed interest in the US dollar, spread from optimism relating to the country’s economy. Additionally, China, the biggest gold-buying nation, has seen weak demand of late.

Many investors are waiting for news on Friday from the Federal Reserve, which will set the tone for future gold prices.

china gold-investing