Gold touched its highest level during the week on Wednesday, staging a big rally although the gold forecasts are currently considered unclear with the hiked interest rates and the concerns over the economic status that may show a shrunk.

Spot gold edged up by 0.1% at $1,819.67 per ounce, while gold futures climbed by 0.2% at $1,828.55 per ounce.

Concerns over recessions that may take place during the next year grew post the release of the U.S. housing figures that came lower than forecasted, and also among the allegations that stated that Fed is about to terminate its aggressive policy for interest rate hikes.

Markets cannot determine to what extent Fed will raise the interest rate or the peak point. Other central banks have shown aggressive clues that triggered some vagueness regaring the monetary approach for the next year.

Speaking of the industrial metals, copper advanced by 0.3% at $3.8178 post 0.7% climb during the earlier session.