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.

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