Gold in the spot market fell 0.6% to $1,962.92 an ounce at 1825 GMT, after rising 0.5% earlier. US gold futures closed down 0.5% at $1,964.60.
The dollar index recorded its highest level in two months, which affected the demand for the yellow metal denominated in American currency.
Minutes of the U.S. central bank’s May 2-3 meeting showed bank officials “generally agreed” that certainty about the need to continue to increase interest rates “has become lower. The minutes of the meeting were released on Wednesday.
Gold has been hovering near its 1.5-month low, which it hit last week, in light of rising interest rates, raising the opportunity cost of owning the gold. non-returnable metal.
As for other precious metals, silver fell 1.4% in the spot market to $23.10 an ounce, while platinum fell 2.2% to $1,024.59 and palladium rose. fell 2.6% to its lowest level in about two months at $1,408.
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