Gold falls as investors await rate-hike clues

Gold prices slipped slightly lower for a second straight day on Wednesday with investors reluctant to take risks ahead of minutes from the Federal Reserve’s most recent policy-setting confab, which could offer guidance on the timing and pace of rate increases.

April gold  slipped $4.70, or 0.4%, to $1,232.80 an ounce. May silver traded down 7 cents, or 0.4%, at $18.01 an ounce.

The minutes from the meeting will be made public at 2 p.m. Eastern and will reflect discussions around monetary policy from the Fed’s Jan. 31-Feb. 1 meeting.

Continue reading…