And he went up gold In spot transactions, it rose 0.2 percent to $2,613.70 per ounce by 0602 GMT, after declining in the past six sessions. Prices hit a record high last month.
US gold futures also rose 0.2 percent to $2,630.80.
The US consumer price index for September is scheduled to be released at 1230 GMT, and the producer price index data will be released tomorrow, Friday.
According to CME’s Fed Watch tool, markets expect 85 percent of the US central bank to cut interest rates by 25 basis points in November.
According to the minutes of the most recent Federal Reserve meeting, a “large majority” of Fed officials at the September meeting supported the start of a monetary easing cycle with a significant cut in interest rates by half a point, but they agreed that further easing would be data-driven.
As for other precious metals, silver rose in spot transactions 0.1 percent to $30.48 per ounce.
Platinum rose 1.5 percent to $959.56, and palladium rose 1 percent to $1,049.50.
