Gold futures looked to recover some of its recent losses Wednesday, as traders continue to weigh the spread of coronavirus cases and its potential impact on the global economy.
The moves for the metal come ahead of a monetary policy announcement by the U.S. Federal Reserve due out after the day’s futures settlement.
Gold for February delivery GCG20, -0.01% on Comex traded at $1,572.30 an ounce, up $2.50, or 0.2%, while March silver SIH20, -0.16% rose 2.7 cents, or nearly 0.2%, to $17.485 an once.
