Gold prices edged lower on Thursday morning following the release of minutes from the US Federal Reserve’s July meeting, Report informs, citing trading data.
On the New York Comex exchange, December gold futures fell by $7.13, or 0.21%, to $3,381.37 per troy ounce.
Meanwhile, September silver futures rose by 0.25% to $37.868 per ounce.
Markets are closely monitoring signals regarding the Fed's monetary policy, which influences global financial markets, including gold futures.
According to the published minutes, most members of the Federal Open Market Committee (FOMC) see heightened risks of persistently high inflation and highlight uncertainty surrounding the impact of previously imposed import tariffs.
The document notes that if inflation continues to accelerate, it may be more appropriate to maintain a restrictive monetary policy stance.