Gold Prices Rise As Rate Hike Expected

Dubai- (Massader News)

Gold prices fell on Thursday, and metal futures fell by 0.2% to $ 1289.2 an ounce, with expectations of a Fed rate hike, according to a report published by Mubasher.

The spot price of precious metal fell to $ 1290.1 an ounce.

The Federal Reserve minutes revealed yesterday that monetary  policymakers expect inflation to rise in the near term, boosting expectations for a rate hike in December, according to Mubasher.

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