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.
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