Bengaluru — Gold prices remained in a narrow range on Wednesday as investors remained cautious ahead of the release of minutes from the US Federal Reserve’s last meeting, which could offer hints on the outlook for the central bank’s monetary policy. Spot gold was nearly unchanged at $1,280.20 an ounce by 4.21am GMT. US gold futures for December delivery were down 0.1% at $1,280.10. "We are not really sure that this (Fed meeting minutes) will have much of an impact given that the decision to raise rates in December is pretty much a forgone conclusion," INTL FCStone analyst Edward Meir said. "Nevertheless, we suspect that investors will want to see what policy makers are thinking about the rate situation and how aggressive they will be on this front going forward." The Fed kept interest rates unchanged at its last meeting, minutes of which will be released on Wednesday. The Fed was "reasonably close" to its goals and should keep gradually raising US interest rates to avoid the dual pi...
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