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Markets looked relieved after minutes from September’s Fed meeting held no surprises, but gold looks poised to break lower. What’s going on?
Gold slipped on Wednesday as investors looked to Fed minutes for indications on the rate hike outlook.
Spot gold fell 0.98% to $4,122.73 an ounce by 0905 GMT on October 7. The dollar rose 0.4%, while the 30-year Treasury yield touched 5.7041%. Investors