Gold Down 1% As Dollar Gains; Fed Minutes In Focus
Spot gold fell 0.98% to $4,122.73 per ounce on Wednesday as the US dollar strengthened. Investors are awaiting the minutes from the Federal Reserve's September meeting for insights into potential further rate hikes.
Gold prices slipped as the US dollar strengthened on Wednesday, with investors looking ahead to the minutes of the Federal Reserve’s September meeting for clues on how much support there was among policymakers for more rate hikes. 73 per ounce by 0905 GMT.