Bengaluru — Gold prices inched up on Friday as the dollar remained under pressure after minutes of the US Federal Reserve’s meeting revealed that some policy makers were concerned about lower inflation. Spot gold was up 0.1% at $1,291.50 an ounce, as of 4.19am GMT. Bullion was down about 0.2% for the week. US gold futures for December delivery dipped 0.1% to $1,291.10. "Investor appetite (for gold) is low even after slightly more dovish-than-expected Fed minutes. There just has not been enough to entice investors back into the market in great amounts," ANZ analyst Daniel Hynes said. "Investors are still a bit cautious even though the December rate hike is well expected. They aren’t willing to put any aggressive decisions in place before that hike comes through." Many Fed policy makers expect interest rates to be raised in the "near term", according to the minutes of the US central bank’s last policy meeting released on Wednesday. However, some members expressed concern over the infl...
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