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Got hit its lowest since a week earlier in the session

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Fed's September meeting minutes due on Wednesday

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Gold ETFs registered 5th month of inflows in Sept- WGC

(Recasts as of 1353 GMT)

By Anushree Mukherjee

Oct 8 (Reuters) - Gold prices fell for a fifth

consecutive session on Tuesday as recent U.S. employment data

priced out the chances of a bigger rate cut, while markets

awaited minutes of the Federal Reserve's latest policy meeting

for fresh signals.

Spot gold fell 0.2% to $2,639.13 per ounce by 9:53

a.m. ET (1353 GMT), having registered losses in the last four

sessions and was off record peak of $2,685.42 hit on Sept. 26.

U.S. gold futures lost 0.3% to $2,658.00.

"Last couple of days saw retracement or a pullback due to

the change in outlook in regards to interest rates," said David

Meger, director of metals trading at High Ridge Futures, adding

that bond yields have rallied and the idea of further extensive

rate cuts has been muted.

According to the CME FedWatch tool, markets priced out a

50-basis-point reduction at the Fed's November meeting after

last week's strong jobs report. They now see an 87% chance for a

25-bp cut.

Markets are focused on the minutes of the Fed's latest

policy meeting, due on Wednesday, followed by U.S. Consumer

Price Index on Thursday and Producer Price Index data on Friday.

"U.S. inflation data to be released on Thursday is likely to

show further decline in price pressure, but is unlikely to

trigger renewed speculation of stronger Fed rate cuts.

Therefore, higher gold prices are likely to be primarily driven

by geopolitical risks," Commerzbank said in a note.

Historically, gold is reputed for its stability as a

favoured hedge against geopolitical and economic risks.

Global physically backed gold exchange-traded funds (ETFs)

registered a fifth consecutive month of inflows in September as

North America-listed funds added to their holdings, the World

Gold Council (WGC) said on Tuesday.

Elsewhere, Spot silver lost 1.9% to $31.13 per ounce.

Platinum was down 1% at $962.65 and palladium fell

1.4% to $1,009.25.