Investing.com - Gold fell to the lowest level in almost six years on Wednesday as markets awaited minutes of a recent Federal Reserve meeting which could reinforce bets of a rate hike next month.
The December gold contract was trading at $1,068.4 on the Comex division of the New York Mercantile Exchange, after falling as low as $1,062.00 earlier, a level not seen since February 2010.
On Tuesday, gold tumbled more than 1% after U.S. inflation data backed the case for a December rate hike.
Recent comments by Fed officials, including Janet Yellen, have bolstered expectations the U.S. central bank will raise interest rates for the first time in nearly a decade when it meets next month.
Higher interest rates are bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise.