Gold prices eased off multi-week highs on Thursday as minutes from the Federal Reserves’s last policy meeting raised expectations for a faster pace of U.S. rate hikes.
FUNDAMENTALS
Spot gold XAU= was down 0.1 percent at $1,351.48 an ounce as of 0111 GMT and U.S. gold futures GCcv1 fell 0.4 percent to $1,355 an ounce.
Gold on Wednesday rose to $1,365.23 per ounce, its highest since Jan. 25, buoyed by escalating tensions in Syria, U.S. sanctions on Russia and the U.S.-China trade spat.
Source: Reuters