After the release of the Federal Reserve's minutes, gold prices gave up their gains, and the market focused on the path of interest rates

Gold gave up some of its gains after the Federal Reserve's latest meeting notes, as market participants focused on upcoming US economic data for new clues about the path of US interest rates. The sharply divided Fed cut interest rates last month, despite warnings from policymakers that lowering borrowing costs could affect inflation management that has been above its 2% target for four and a half years, according to the October Fed policy meeting notes. Fed Chairperson Jerome Powell said in unusually blunt language at a press conference after the meeting that the December meeting rate cut was "not a DingTalk on the board". Marex analyst Edward Meir said: "The meeting notes are a given, and it is more important to observe the dynamics of December. The Fed needs more data to make decisions. Scattered data releases will be the focus of market attention. "According to the CME Federal Reserve Watch tool, traders currently expect only a 30% probability of a rate cut in December.