Gold Price Jumps Above USD1090, At 2-month Peak

New York (Jan 6)  Gold futures rose to their highest since early November Wednesday, bolstered by risk aversion and concerns about global equities.

Feb. gold gained  USD13.50  , or 1.3%, to settle at  USD1,091.90  /oz on Comex, having emerged from a stubborn trading range near 6-year lows.

Gold settled prior to the  2 pm ET  release of the minutes of the December Federal Reserve meeting. At that meeting the Fed raised interest rates for the first time in more than a decade.

 The Fed  will likely raise rates at a faster clip than markets are currently expecting, a top central banker warned Wednesday.

Speaking on  CNBC  ,  Federal Reserve  Vice Chairman  Stanley Fischer  said investors who think the Fed will only raise interest rates twice in 2016 are probably mistaken.

Source: AllianceNews