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Metals Stocks: Gold prices finish lower, then lose more ground after release of Fed minutes

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Gold futures headed higher on Wednesday as investors remain focused on the Russia-Ukraine war, with upside for prices seen capped as Treasury yields jumped ahead of expected details on the Federal Reserve’s plans to shrink its balance sheet.

“The ongoing war in Ukraine is providing a tailwind for bullion by keeping the market on edge as the situation evolves,” said Thomas Westwater, analyst at DailyFX, in emailed commentary.

“The…

The Fed: Fed primed to jack up interest rates in 1/2-point steps, FOMC minutes show

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