Bullion dips below $2,000/oz mark on overpriced US dollar

05.06.2023

Gold prices eased on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials played down prospects of interest rate cuts this year.

Spot gold fell 0.1% to $1,986.60 per ounce by 1153 GMT, close to a two-week low hit on Tuesday. U.S. gold futures also fell 0.1% to...