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Gold prices drift lower on hawkish Fed minutes

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Ouro/Dólar Americano (FXOPEN:XAUUSD)  
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FXOPEN:XAUUSD   Ouro/Dólar Americano
Trend Analysis Fundamental Analysis Beyond Technical Analysis Gold XAUUSD goldlong WAR
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trendanalysis fundamental beyondta gold xauusd goldlong war
Key Points:

  • An analyst predicts gold could drift back to $2,355 if the dollar continues to strengthen.
  • The Federal Reserve minutes revealed discussions about potential further interest rate hikes.
  • Gold prices declined for the third consecutive session on Thursday following the release of the Fed's minutes, which showed some officials favored raising rates.

Spot gold fell 0.3% to $2,370.74 per ounce as of 0335 GMT, after a drop of over 1% in the previous session. On Monday, bullion reached a record high of $2,449.89.

U.S. gold futures decreased by 0.8% to $2,373.00.
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