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21.08.2015 06:46 Gold continued recovering

Gold advanced to $1,161.20 ( 0.69%) after investors revised their forecasts for a rate increase by the Federal Reserve based on minutes of the latest policy meeting of the central bank. Market participants took the minutes for a sign that there will be no changes to interest rates in September.

"What's supporting gold is that from unrelentingly bad news, which we saw until late July-early August. The news flow has been more bullish to gold after the Chinese central bank currency devaluation," Macquarie analyst Matthew Turner said.

The U.S. dollar, bullion's traditional opponent, fell 0.4% against a basket of major currencies.



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