Precious Metals Preview: Gold and silver futures hold around 2-month low

COMEX gold and silver futures hold around two-month low on Thursday morning in Asia as dollar stays firmly above 102 mark. The Federal Open Market Committee (FOMC) minutes show agreement that September?s rate hike was warranted and confirm that the Committee leans toward further tightening. Most participants judged another increase would be appropriate by year-end, while emphasizing that each meeting remains live and future decisions will depend on incoming data and the balance of risks. The yellow metal is seen quoting at $$4158 per ounce following an over 1% slide yesterday. Silver, meanwhile is holding at $60.26 an ounce after falling more than 2% in the previous session.

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