The metal hit $1,309.60 in the previous session – its highest since July 29. U.S. gold was also steady at $1,308.60 after rising 1.8 percent in the previous session. Gold is seen as an alternative investment to riskier assets such as equities, especially during times of economic and geopolitical uncertainties. It has gained more than 8 percent this year on geopolitical tensions.
Natural gas futures rose for a second consecutive session on Wednesday as updated weather-forecasting models called for a warming trend across the eastern half of the U.S. Natural gas futures for delivery in September traded at $3.929 per million British thermal units during U.S. trading, up 0.81%. The commodity hit a session low of $3.878, and a high of $3.939.