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Gold Inches Lower Ahead Of Fed Minutes

Gold futures were lower Wednesday ahead of the minutes of the September Federal Reserve meeting.

At that meeting, policy makers elected to trim holdings of government and mortgage debt acquired after the economy collapsed a decade ago.

Gold for December was down $5 at $1288.00 an ounce, failing to get a boost from the rising U.S. dollar.

On an otherwise quiet day in the markets, Kansas City Fed President Esther George said today that waiting for inflation to hit the central bank's 2% target before further interest rate hikes would be a mistake.

by RTT Staff Writer

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