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Gold slips as investors weigh Fed rate outlook
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and the broader outlook for monetary policy. Spot gold fell 0.3% to $4,126.84 per ounce by 0102 GMT, while US gold futures for December delivery dropped 0.3% to $4,146.00. Investor focus has shifted to the Fed’s October 27-28 policy meeting and next week’s US Personal Consumption Expenditures (PCE) data, a key gauge closely watched by the central bank as it targets 2% inflation. The US central bank in September raised its benchmark overnight int...
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