As of 7:30 AM this morning (October 21st), the spot gold price fell by $7,780, trading at $4,117.685/oz; while the December gold futures price decreased by $5.76 to $4,136.84/oz. Earlier, gold prices continued to fall slightly during the trading session on October 20th as investors assessed the likelihood of the US Federal Reserve (Fed) continuing to raise interest rates this year, ahead of its monetary policy meeting next week. By the end of yesterday's trading session, spot gold prices had fallen 0.3% to $4,125.90 per ounce; while December gold futures closed down 0.4% at $4,142.60 per ounce. Gold prices remain approximately 26% lower than their record high of $5,594.
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