Gold awaits Fed minutes
Gold prices declined as investors awaited the minutes from the Fed’s September meeting.
Spot gold fell 0.3% to $4,150.23, while US gold futures dropped 0.2% to $4,177.60.
Recent weak US economic data have reduced expectations for an October rate hike, while markets are pricing in around an 85% probability of a rate increase in December. Signals from the Fed minutes on the future path of interest rates are expected to be key for gold’s direction.
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