RSBL - AMBIGUITY FOR GOLD

As we all know, lately gold has been majorly influenced by any data released from the Fed regarding its interest rate.
Gold prices dropped in Asia on Thursday as China markets returned from holidays and investors stake positions ahead of Fed minutes later in the day.Trading activity had become more muted as the September Federal Open Market Committee (FOMC) meeting minutes approached. 
Investors awaited the release of the minutes from the Fed's September meeting on Thursday for further hints on whether the U.S. central bank could raise short-term interest rates before the end of the year.
A combination of a weakening US economy and sowing down Chinese one, led to a delay in the rate hike expectation.Now majority of the market players believe that rate hike won’t come in before March 2016.
Gold prices climbed on Friday morning after the release of minutes of the Federal Reserve’s September meeting raised speculation that the US central bank could wait until next year before tightening monetary policy.
Spot gold was last at $1,154/1,154.40 per ounce, up $14.40 on Thursday’s close. Trade has ranged from $1,139.50 to $1,154.60 so far.The shifting expectations are helping to weaken the U.S. dollar and in turn boosting gold prices. Early in Friday’s session, December gold futures ended up hitting their highest prices since late August and are preparing to end with gains of almost 2% for the week. As of 12:40 p.m. EDT, December gold last traded at $1,158.70 an ounce.One of the main reasons, apart from soft data, that has delayed the rate hike is the limo inflation in the US. 
It has prevented the central bank for raising rates from near-zero levels, where they have been since December 2008. The FOMC decision not raise the federal funds rate has led a majority of market participants to look at 2016 for a normalization of US monetary policy.To state the exact month would be quite difficult but it could be around March or June 2016.The Fed has been locked in an intense debate over the timing of a rate hike with sagging inflation impeding a launch-off.Interest rates have been at near-zero levels since December 2008 and haven’t increased since 2006.