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BENGALURU- Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates.
Spot gold fell 0.3 percent at $2,370.74 per ounce, after falling more than 1 percent in the previous session. Bullion hit a record high of $2,449.89 on Monday.
US gold futures were down 0.8 percent at $2,373.00.
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While the policy response for now would “involve maintaining” the US central bank’s benchmark policy rate at its current level, the minutes released on Wednesday also reflected discussions of possible further hikes.
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