Gold fell 0.6% today to $4,131 an ounce as the dollar strengthened. Brent rose above $101 amid risks of supply disruptions in the Middle East and the threat of a storm in the Gulf of Mexico. High oil prices keep inflation risks alive, though markets price in roughly an 80% chance that the Fed will hold rates steady in October.
Investors await the minutes from the Fed’s September meeting today for clues on further rate hikes.
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