Nervous Investors Buying Gold Futures Ahead Of Fed Rate Decision

Gold futures are trading higher by $13.40 at $1075 in Wednesday's session. It spiked higher around 8:15 AM and continued to move in that direction. The contract is now approaching a pair of highs from December 11 ($1079.10) and December 14 ($1077.30). If the rally continues beyond that level, there may be additional resistance at its December 9 high ($1085).