| Gold prices took a blow last week as the Fed minutes of the October meeting hinted at a rate hike by the central bank in December. The yellow metal saw prices drop to a five-year low of $1,065/ounce and ended finally at $1,076/ounce on Friday.
A Fed spokesperson said the bank is confident of seeing inflation returning to its target of 2 per cent soon. The US dollar index, which measures the strength of the greenback against six other major currencies, rallied closer to the 100 mark. It hit a high of 99.85 on Wednesday and closed the week at 99.565...............................................Full Article: Source
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