💨 Abstract

Gold prices fell for a sixth straight session on Wednesday, hovering near two-week lows, due to lowered expectations of deeper rate cuts and focus on the Federal Reserve's meeting minutes and inflation data. Traders are also awaiting the upcoming U.S. inflation data, and the minutes from the Fed's September policy meeting. The precious metal is considered a safe investment and thrives in a low-interest-rate environment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖