Gold prices edged lower on Wednesday as the U.S. dollar regained some ground, while traders assessed chances of the U.S. Federal Reserve raising interest rates just once more in May before pausing, APA-Economics reports citing Reuters.
Spot gold was down 0.1% at $2,003.03 per ounce, as of 0337 GMT. U.S. gold futures fell 0.2% to $2,016.20.
The dollar index was up 0.1%, making gold expensive for buyers holding other currencies.
In other precious metals, spot silver fell 0.2% to $25.16 per ounce, platinum dipped 0.6 to $1,075.58 and palladium gained 1% to $1,624.72.
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