Gold futures rise as investors digest Fed minutes
Gold for December delivery is up 0.5% to $4,161.10/oz in New York as markets process the latest Fed meeting minutes. Silver is down 1.1% to $59.62/oz.
1115 ET - Gold futures pick up from yesterday's two-month low with the market digesting the minutes of the Federal Reserve's latest meeting. "Most policymakers judged another increase would likely be appropriate by year-end, keeping the yellow metal under pressure," Critical Metals CEO Tony Sage says in a note. S. " Further Fed tightening could keep gold at risk, while demand from central banks may limit losses, he adds.
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