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  3. Gold Prices Dip as US Dollar Gains Ahead of Fed Policy Minutes
47 minutes ago

Gold Prices Dip as US Dollar Gains Ahead of Fed Policy Minutes

AnalysisChina Gold ReservesFed MinutesFederal Reservegold pricesprecious metalsRate Hikesspot goldUS Dollar

TLDR: Spot gold fell 0.8% to $4,130.37 per ounce as the US dollar index rose 0.3% during Wednesday trading. Traders still price in an 88% chance of a Fed rate hike by December, per the CME FedWatch tool. China’s central bank extended its gold buying streak to a 23rd consecutive month in September.  LBMA conference [...]

The post Gold Prices Dip as US Dollar Gains Ahead of Fed Policy Minutes appeared first on Blockonomi.

Source: Blockonomi →

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