Indian Stock Market Tips: Gold Prices Extend Gains Amid Subdued U.S. Dollar

Gold prices were up slightly on Thursday, extending gains from the previous session amid a muted U.S. dollar after minutes from the U.S. Federal Reserve's September policy meeting revealed low inflation concerns.

Fundamentals

* Spot gold was up 0.2 percent at $1,293.87 an ounce by 0050 GMT. It gained 0.3 percent in the previous session.

* U.S. gold futures for December delivery climbed 0.6 percent to $1,296.10 per ounce.

* Asian stocks were near a decade-high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Fed showed a guarded view towards inflation.

* Spanish Prime Minister Mariano Rajoy on Wednesday gave the Catalan government eight days to drop an independence bid, failing which he would suspend Catalonia's political autonomy and rule the region directly.

* San Francisco Fed President John Williams on Wednesday said he expects the U.S. central bank to raise interest rates later this year, three times next year, and a little bit further in 2019.

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