Gold edges lower with focus on Fed minutes, rate path clues

Gold prices slipped on Wednesday as investors looked ‌to minutes from the US Federal Reserve's September meeting for indications on whether policymakers remain inclined to raise rates further.

Separately, delegates attending the London Bullion Market Association's annual conference in Sorrento, ​Italy, forecast ⁠that gold could reach $5,013 an ounce over the next 12 months.

In a high interest rate environment, investors tend to favour yield-generating assets over ​gold.