Gold edges lower on prospects of hawkish Fed rate-hike path

Gold prices declined slightly in early Asian trading due to a stronger U.S. dollar and concerns about potential interest rate hikes by the Federal Reserve. Spot gold fell by 0.1% to $1,917.19 per ounce, while U.S. gold futures dropped by 0.2% to $1,925.10. The dollar index remained steady near a two-week high, making gold more expensive for holders of other currencies. Investors are anticipating a rate hike in July and another in November, which could discourage investment in gold. Silver and platinum prices remained unchanged, while palladium saw a slight increase.

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