Gold declined as Fed Minutes revealed a “substantial majority” backed a 50 bps cut, while some preferred 25 bps.
CME FedWatch Tool shows lower odds of a 25 bps cut, down to 75.9%, with rising expectations for a rate pause.
US 10-year Treasury yield rises to 4.062%, supporting the US Dollar.
Traders await Thursday’s CPI data for further direction on inflation and Fed policy.
GOLD NEWS BY VIEW COMMO
