Gold futures gave up earlier losses on Wednesday to finish higher after Federal Reserve Chairman Jerome Powell said the central bank would use quantitative easing as a tool against the next economic downturn. Prices for the metal had been trading lower for much of the session as demand for havens ebbed on signs the spread of COVID-19 in China may be slowing. On Wednesday, however, in testimony before the Senate Banking Committee, Powell said the Fed would use government bond purchases, know as quantitative easing or QE, and communicate clearly with markets about interest-rate policy, known as “forward guidance,” as ... (full story)