💨 Abstract

Gold fell for the sixth consecutive day on Wednesday due to a stronger dollar and reduced expectations for a larger rate cut in November, with investors awaiting minutes from the Federal Reserve's September policy meeting. Spot gold dropped 0.4% to $2,612.88 per ounce, having reached its lowest level since Sept. 20 on Tuesday. Gold futures also declined. The dollar index rose, making gold more expensive for holders of other currencies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖