Gold Falls as dollar gains ahead of Fed minutes

Gold prices declined on Thursday amid a strengthening U.S. dollar, as markets awaited the Federal Reserve's meeting minutes, which may reveal how committed policymakers are to raising interest rates further. The spot price of gold fell by 0.6% to $1,138.34 per ounce, while U.S. futures contracts decreased by 0.5% to $1,164.70, with the dollar index rising by 0.2%. The minutes are expected to detail the Fed's intentions to hike interest rates again, especially given ongoing inflationary pressures, as investors monitor monetary policy developments and market reactions to economic data and geopolitical events.

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