Precious-Gold rebounded from its lowest level since 2010 as the dollar continued to face downside pressure after it hit a seven-month high. The yellow metal posted a bottom of $1064.48 an ounce on Wednesday after Federal Reserve minutes signaled the readiness of policymakers to hike interest rates in December. Data released on Tuesday showed that U.S. consumer prices soared for the first time in three months, recording 0.2 percent, giving more room for the Fed to hike the borrowing cost in December. However, the dollar dropped for a second straight session against a basket of major currencies on profit taking after climbing to its highest level in seven months. The green currency is currently trading at 99.38 from the session’s opening at 99.45, according to the dollar index. Later in the day, the U.S. will release its weekly jobless claims and Philadelphia Fed manufacturing index. The yellow metal hit a high of $1079.05 an ounce, while it currently trading at $1074.53, where it opened at $1070.03. Brent crude rose for a second straight session to trade around $44.43 a barrel, after recording a high of $44.58.

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