UPDATE: Gold marks highest finish since mid-September, retreats after Fed meeting minutes

01/03/18 02:57 PM EST

Gold prices ended higher for a ninth consecutive session Wednesday (http://www.marketwatch.com/story/gold-extends-win-streak-to-trade-at-highest-since-mid-september-2018-01-03), buoyed by recent weakness in the dollar and safe haven demand fed by protests in Iran. After futures prices settled, minutes from the Federal Reserve's December meeting showed a sharp divide over the central bank' (http://www.marketwatch.com/story/fed-minutes-show-divide-over-its-own-forecast-of-three-rate-hikes-this-year-2018-01-03)s own forecast of three interest-rate hikes this year. In electronic trading, February gold was at $1,311.80 an ounce, after settling with a gain of $2.40, or 0.2%, at $1,318.50, the highest finish for a most-active futures contract since Sept. 15, according to FactSet data.

-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com

 

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01-03-18 1457ET

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