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Fed's September meeting minutes due at 1800 GMT

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Gold hit its lowest since Sept. 20 in the last session

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Odds of 25 bps US rate cut in November at 88%

(Recasts as of 1324 GMT)

By Anushree Mukherjee

Oct 9 (Reuters) -

Gold retreated for the sixth straight day on Wednesday on an

advancing dollar and diminished expectations for a larger rate

cut in November while markets awaited minutes from the Federal

Reserve's September policy meeting for further insights.

Spot gold fell 0.4% to $2,612.88 per ounce by 9:24

a.m. ET (1324 GMT), having touched its lowest level since Sept.

20 on Tuesday. U.S. gold futures for December delivery

eased 0.2% to $2,630.80.

The dollar index hit a near two-month high, making

bullion more expensive for holders of other currencies.

"The dollar index continues to firm up, and economic

data is more supportive for a 25 basis point cut," said Phillip

Streible, chief market strategist at Blue Line Futures.

If the Fed minutes are extremely dovish and it seems

pressured to cut rates aggressively, that could act as a

tailwind for gold and could push prices to the $2,650 level, he

added.

Investors now await the minutes from the Fed's Sept. 18

policy meeting, due at 1800 GMT, while the U.S. Consumer Price

Index (CPI) and Producer Price Index (PPI) data is due on

Thursday and Friday, respectively.

Zero-yield bullion is a preferred investment amid lower

interest rates.

Following last week's robust jobs report, markets are

expecting an 88% likelihood of a 25-basis-point cut and

discounted a 50-bps cut at the Fed's November meeting, according

to the CME FedWatch tool.

"Despite the modest pull-back, expectations of lower

interest rates and ongoing geopolitical tensions suggest the

backdrop for gold is likely to remain supportive over the long

term," said Kinesis Money market analyst Carlo Alberto De Casa

in a note.

Meanwhile, a rebound in gold prices to a record peak dashed

the Indian bullion industry's expectations of a lucrative

festival season.

In other metals, spot silver lost 1% to $30.38 per

ounce. Platinum was down 0.3% to $947.30, and palladium

fell 0.6% to $1,015.38.