💨 Abstract

Gold prices fell for the sixth consecutive day on Wednesday due to a strengthening dollar and reduced expectations for a larger rate cut from the Federal Reserve in November. The dollar's surge added downward pressure to gold, with the dollar index hitting a near two-month high. The Fed's minutes from its September meeting indicated that the future pace of cuts would not be determined by a large initial reduction. Investors now await US economic data for further insights on interest rate outlook.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖