Gold price movement on Thursday opening

Gold prices declined today, Thursday, at the start of trading in the spot market, falling to $4,115.50 per ounce after reaching the lowest level since October 15 at $4,104.33. This comes amid anticipation of the upcoming U.S. Federal Reserve policy conference scheduled for next week. Most experts expect the bank may not raise interest rates in October due to stubborn inflation, but the majority of the market anticipates a rate hike in December. Other precious metals also saw declines, with silver dropping to $57.33 and platinum to $1,609.95.