Bullion retreats on speculation of US interest rate raise

06.05.2021

Gold prices edged lower on Wednesday as the possibility of higher U.S. interest rates supported the dollar, while palladium held near record highs hit in the previous session amid supply worries.

Spot gold was down 0.1% at $1,776.61 per ounce by 1223 GMT, after falling about 0.8% in the previous session....