Gold futures settled lower on Wednesday, then headed higher in electronic trading after the Federal Reserve was seen as leaving the door open for an interest-rate hike in September.As expected, policy makers left interest rates unchanged on Wednesday. The decision and the accompanying statement were announced after prices had settled for the day on Comex.
Shortly after the statement was released, August gold GCQ5, -0.02% traded at $1,096.60 an ounce in electronic trading. That’s above the settlement of $1,092.60 on Comex, where prices finished down $3.60, or 0.3%, for the session.
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