Gold prices drift lower on hawkish Fed minutes

Key Points:

• An analyst predicts gold could drift back to $2,355 if the dollar continues to strengthen.
  

• The Federal Reserve minutes revealed discussions about potential further interest rate hikes.
  

• Gold prices declined for the third consecutive session on Thursday following the release of the Fed's minutes, which showed some officials favored raising rates.
  

Spot gold fell 0.3% to $2,370.74 per ounce as of 0335 GMT, after a drop of over 1% in the previous session. On Monday, bullion reached a record high of $2,449.89.

U.S. gold futures decreased by 0.8% to $2,373.00.