Gold prices up with Fed minutes in pipeline

MADRID (July 10) Gold prices edged higher Wednesday, as the U.S. dollar drifted lower ahead of events that may reinforce the U.S. Federal Reserve’s intention to slow the pace of monetary stimulus.

Gold for August delivery reversed an Asian loss to gain $7, or 0.6%, to $1,252.80 an ounce in electronic trade. Gold saw a turn lower overnight as the U.S. dollar advanced against the euro and other major currencies.