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 $2,356.92 per ounce. Prices had hit an all-time high of $2,449.89 on May 20.
US gold futures rose 0.1% to $2,357.80.
The dollar firmed 0.1%, making gold less attractive for other currency holders, while benchmark U.S. 10-year bond yields rose to multi-week peaks.
Spot silver fell 0.4% to $31.99, platinum was down 0.7% to $1,056.06 and palladium gained 0.6% to $978.47.
Source: Qatar News Agency