Gold prices are settling higher amid expectations the Federal Reserve will keep interest rates at record lows.
Gold for August delivery rose
In minutes from its June meeting released Wednesday, Fed officials agreed that the central bank will stop buying bonds to support the economy in October but showed no inclination to increase the Fed's benchmark interest rate anytime soon.
Metal prices had settled for the trading day before the minutes were released, then climbed higher afterward. U.S. stocks and Treasury bond prices rose, pushing yields down.
Industrial metals ended mixed. Corn dropped
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