gold futures: The minutes revealed that several officials saw the need for more interest-rate hikes if inflation came in above forecasts, while others said hikes would be needed if the economy evolved as expected, according to Market Watch. The Fed had surprised markets late last month when it abruptly put future rate moves on hold. In electronic trading, following minutes of the Federal Reserve's January meeting, gold futures edged lower from the settlement to 1,342.50 an ounce. Read Comments from Fed's Mester shows balance sheet decision may come as early as March Ahead of the Fed news, gold for April delivery on Comex GCJ9, 0.02% rose 3.10, or 0.2%, to settle at 1,347.90 an ounce after touching a high of 1,349.80. March silver SIH9, 0.37% added 21 cents, or 1.3%, at 16.177 an ounce, following a 1.4% rise Tuesday. The most-active contract posted its highest finish since April 19, according to Fact Set data.
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