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The metal fell about 1,4 percent on Monday in its biggest one-day percentage drop since September 11.

Earlier in the session, the dollar fell after Commerce Department data showed that durable goods orders slipped by 1.2% in October from the previous month.

Japan and U.S. markets are closed on Thursday for a holiday, while South Korean markets open later than usual due to school exams.

Fed officials agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend on their assessments of realized and expected economic conditions relative to the Federal Open Market Committee's (FOMC) objectives of maximum employment and 2 percent inflation, said the minutes.

"I think it's pretty conclusive now, that as we move into 2018, the Fed is going to be focusing on (low) inflation rather than growth, so this is still the overriding concern", said Stephen Innes, head of trading in Asia Pacific for Oanda in Singapore. The dollar index .dxy , which tracks the greenback against six major currencies, fell 0.75 percent, to its lowest since October 20. At that meeting, the Fed held interest rates steady between 1% and 1.25%.

The focus will be on Fed policymakers' views on the possible pace of rate hikes in 2018, especially after Jerome Powell takes over as Fed chair from Janet Yellen, Suzuki said. As December rate hike is priced in the market, investors will look for next year's hike expectations.

The gold price was little changed around 1400 BST, at close to $1.292 per ounce.

The publication of the minutes, late Wednesday, from the latest US Fed policy meeting, weighed heavily on the US dollar.

Gold soared near its one month high yesterday as weak U.S. dollar and soaring crude oil futures triggered a massive upswing in the metal.

Financial markets will keenly watch how the most important central bank strikes the right policy balance in the coming months.


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