Gold prices edged lower on Wednesday as the US dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve's interest rate trajectory. Spot gold eased 0.2% to $2,354.76 per ounce by 0711 GMT. Prices had hit an all-time high of $2,449.89 on May 20, said Reuters. US gold futures fell 0.1% to $2,355.10. The dollar held steady against its rivals, making gold less attractive for other currency holders, while benchmark US 10-year bond yields rose to multi-week peaks.
Gold prices fell for a third straight
session on Thursday after minutes from the most recent Federal
Reserve meeting indicated that some officials were inclined to
raise interest rates. . -May 22, 2024 at 11:49 pm EDT
- MarketScreener
Metal falls for third consecutive session after minutes from the most recent Federal Reserve meeting indicate that some officials are inclined to raise rates
Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates. Spot gold fell 0.6% at $2,365.49 per ounce, as of 0638 GMT. Bullion hit a record high of $2,449.89 on Monday, Reuters reported. U.S. gold futures were down 1.1% at $2,367.60.