by Reuters
LONDON: Gold prices firmed on Wednesday, climbing back above $1,320 an ounce, as fresh inflows into bullion-backed funds indicated rising investor confidence the metal ahead of the release of the latest Federal Reserve minutes.
The world’s largest gold exchange-traded fund, New York-listed SPDR Gold Shares, reported a second straight session of inflows on Tuesday, taking its holdings above 800 tonnes for the first time since mid-April.
The markets waited for the release of minutes of the Federal Reserve’s June meeting later in the day for clues on the outlook for Fed policy.