Gold gains upon a probable rate hike

During the early Asian trading session, the precious metal, gold, traded higher amid the expectations for a probable rate hike in December.

Gold futures to $1,297.32

In the New York Mercantile Exchange on the Comex division, the gold futures for delivery in December traded to $1,297.32 a troy ounce appreciating 0.65%.

U.S. dollar lower to 2-week lows

The U.S. dollar declined to 2-week low zones against its major counterparts following a probable rate hike and the latest uncertainty in place between the U.S. and North Korea.

Euro and U.S. dollar at 1.1875

As per the yesterday's FED September policy meeting minutes, the policymakers believe that inflation data will likely have an impact on additional tightening.

The EUR/USD traded at 1.1875 rising 0.14%, the GBP/USD to 1.3256 climbing 0.27%, the USD/JPY at 112.26 declining 0.20%, and the U.S. dollar index at 92.66 decelerating 0.14%.

Oil weaker in Asia

Oil traded lower amid the estimations showing a bearish pattern in crude inventories.

The crude futures for delivery in November traded to $51.02 a barrel dropping 0.55%, and Brent to $56.59 a barrel falling 0.61%.

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