--

[Gold Prices Retreat After Fed Minutes Release, Market Focuses on Rate Path] On November 20, after the release of the latest Federal Reserve meeting minutes, gold prices gave up some of their gains as the market turned its attention to U.S. economic data for clues on the interest rate path. The minutes revealed that the Fed decided to cut rates last month, but policymakers warned that lowering borrowing costs could impact inflation control. Fed Chair Jerome Powell stated that a rate cut in the December meeting is 'not a foregone conclusion.' Analyst Edward Meir believes that December developments are more critical, and the Fed will need more data to make decisions. CME tools indicate that traders see a 30% probability of a rate cut in December.

Loading...