Gold rises to 3-1/2 month high after Fed minutes

MARKETS-GOLD-FED:Gold rises to 3-1/2 month high after Fed minutes

 

Aug 22 - Gold rose to a 3-1/2 month high on Wednesday, gaining 0.5 percent, after the minutes of the Federal Reserve's August meeting showed the U.S. central bank was considering another round of monetary stimulus.

(Read U.S. Fed story http://in.reuters.com/article/2012/08/22/usa-fed-minutes-idINDEE87L0E920120822)

Spot gold was up 0.5 percent at $1,645.70 by 2:12 p.m. EDT (2342 IST).