What to expect from gold prices in the next few weeks

Image Credit: Google  Image Credit: Google 

Gold prices edged lower on Wednesday as bets for more Federal Reserve rate hikes continued to pressure the metal. 

Image Credit: Google 

But losses were limited as investors awaited clues on the U.S. central bank's monetary policy outlook from its minutes due later in the day.

Image Credit: Google 

Spot gold was down 0.2 percent at $1,282.51 per ounce by 12:57 p.m. EDT (1657 GMT), after hitting a one-week low of $1,275.91 earlier in the session. 

Image Credit: Google 

U.S. gold futures settled down 0.3 percent at $1,287.20 an ounce.

Image Credit: Google 

Gold prices fell on Tuesday as investors positioned for a period of high-interest rates in the United States and elsewhere. 

Image Credit: Google 

With the market now pricing in a nearly 100-percent chance of a move at the central bank's next meeting in two weeks.

Image Credit: Google 

Gold prices edged lower on Wednesday as bets for more Federal Reserve rate hikes continued to pressure the metal. 

Image Credit: Google 

But losses were limited as investors awaited clues on the U.S. central bank's monetary policy outlook from its minutes due later in the day.

Image Credit: Google 

Spot gold was down 0.2 percent at $1,282.51 per ounce by 12:57 p.m. EDT (1657 GMT).

Image Credit: Google 

After hitting a one-week low of $1,275.91 earlier in the session. U.S. gold futures settled down 0.3 percent at $1,287.20 an ounce

Image Credit: Google 

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