Gold eased on Wednesday, falling from a two-week high on the firmer dollar while losses were capped on expectations that the US Federal Reserve will delay raising interest rates until next year. Spot gold fell 0.1 percent to $1,145.86 an ounce by 2:53 pm EDT (1853 GMT), after touching $1,153.30, its highest level since September 24. The market was relatively subdued as traders awaited the minutes from the Fed's September meeting on Thursday at 1800 GMT.
"What the market will be looking for is, how close was the Fed to making a move in the September meeting, and how deep and detailed was the global turmoil discussion in that meeting," said Rob Haworth, senior investment strategist for US Bank Wealth management in Seattle. In other precious metals markets, silver rose to a 3-1/2-month high at $16.10 an ounce, rising for the fourth day and gaining 8.5 percent this month so far. Platinum also rose for the fourth straight session, climbing to the highest since September 25 at $952 an ounce, extending gains above last week's near seven-year low on fears that the Volkswagen emissions scandal could hurt demand for diesel cars, in which the metal is used for catalysts. Palladium moved in the opposite direction, easing 1.1 percent to $694.75 an ounce.
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