Today’s Gold News Updated By Gates Commodity

Gold was up on Wednesday morning in Asia, building on its gains from the previous session.

Gold futures were up by 0.08% at $1,723.25 by 12:10 PM ET (5:10 AM GMT) after jumping 1.2% during the previous session. Stocks, which usually move inversely to gold, were mostly up.

Investors continued to be cautiously optimistic ahead of the U.S. Federal Reserve unveiling the details from its policy meeting, scheduled to wrap up later in the day.

Some investors were optimistic over expectations that the details will include further stimulus measures for the U.S. economy, to help it down the road towards economic recovery from the COVID-19 virus.

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