Gold Prices Fall as Dollar Strengthens Ahead of Federal Reserve Minutes - Yahoo Finance

AI desk brief

Gold fell as the dollar firmed ahead of the Fed’s September minutes, with spot XAU/USD down 0.9% at $4,126.02/oz and futures off 0.8% at $4,151.90/oz at 08:40 GMT. The dollar index rose 0.4% to 102.26, while investors looked for clues on whether the Fed may deliver another rate hike this year; higher rates and a stronger dollar are both near-term headwinds for bullion.

Offsetting some of the macro drag, ING cited WGC data showing central banks remained net buyers in August, adding 39t and taking YTD purchases to 170t. That ongoing official-sector demand should provide underlying support even as the market waits for a clearer policy signal from the Fed.