Gold eased in Asia as market awaits Fed minutes
Gold prices eased in Asia ahead of minutes from the Fed due later in the day and expected to show a largely hawkish stance on the need for a December hike and into next year. Overnight, gold prices rose for the second day in a row buoyed by continued dollar weakness while ongoing political tensions between the U.S. and North Korea lifted sentiment. Gold’s bullish start to the week continued as safe-haven demand remained elevated amid ongoing geopolitical uncertainty on the Korean Peninsula while dollar weakness supported an uptick in demand for the precious metal.* Despite the uptick in gold recent data points toward possible weakness as net bullish bets on gold fell to 203,900, according to a report from the Commodity Futures Trading Commission (CFTC)*.
Source: Investing
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