Gold closes higher ahead of US Fed minutes

Gold prices rose today as dollar fell against amid uncertainty in the markets about the recession signs.

President Trump tried to calm markets as he said earlier this week that US economy will continue to grow and ruled out a near recession, while adding that the trade talks with China are going very well.

However, JP Morgan said that the imposition of tariffs on additional Chinese imports will cost the American family around $1,000 per year.

Markets are waiting for the US Federal Reserve's meeting minutes release tomorrow to determine its future monetary policy decisions of the rate cut.

By 18:41 GMT, dollar index fell by 0.2% to 98.03 points, with an intraday high of 98.3 and a low of 97.9.

Gold futures (December delivery) rose by 0.3% to $1515.7 an ounce, with a high of $1518.8 and a low of $1503.