Gold futures for December delivery closed up $8.40, or 0.5%, at $1,754 an ounce on Friday (25th).

(Bloomberg file photo)

[Financial Channel/Comprehensive Report] After the announcement of the Federal Reserve (Fed) meeting minutes, which pushed the price of precious metals higher, the price of gold futures for December delivery was restrained by the mild rebound of the US dollar on Friday (25th), closing up $8.40 or 0.5%. It was quoted at $1,754 an ounce.

"MarketWatch" reported that Capital Economics macro futures economist Caroline Bain (Caroline Bain) said: "The minutes of the meeting were slightly dovish, and then the "real" U.S. bond yields fell. We think the Fed may stop tightening next year, and in the third The start of the easing of the quarter suggests that investment demand for precious metals could get a boost next year."

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In other precious metals, silver futures for December delivery rose 6 cents, or 0.3%, to $21.43 an ounce; palladium for December delivery fell $54.40, or 2.9%, to $1,821.50 an ounce; platinum for January delivery fell $9, or 0.9 percent, at $987.80 an ounce.

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