Gold dips as Fed signals interest rates
Gold prices have decreased significantly as investors await signals from the U.S. Federal Reserve regarding the path of interest rate hikes, especially with the upcoming monetary policy meetings on October 27 and 28. The spot gold price fell by 0.6% to $4,115.50 per ounce, after hitting its lowest level since October 15 at $4,104.33. Markets are also expecting the Fed to raise interest rates in December by as much as 90%. Other precious metals, such as silver, platinum, and palladium, also experienced notable declines amid expectations that interest rates will not be raised this month.
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