Gold and metals watch for policy signals
Experts expect the price of gold to reach $5,013 per ounce within 12 months, amid anticipation for the Federal Reserve's meeting minutes to understand the future path of monetary policy. The gold price stabilized at around $4,159.62 per ounce in current trading, while the prices of some other precious metals like silver, palladium, declined, and platinum slightly increased. The pace of U.S. interest rate hikes depends on inflation and economic growth data, with an 85% probability of a potential increase in December, affecting investment trends in gold.
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