Gold Slips As Fed Signals More Rate Hikes, But Trade Worries Limit Losses

Gold prices eased on Thursday as the U.S. Federal Reserve forecast a slightly faster pace of interest rate hikes this year, although lingering worries over trade tensions between Washington and Beijing prevented steeper losses.

Spot gold was down 0.1 percent at $1,298.51 per ounce at 0349 GMT. It touched an over one-week low at $1,292.15 an ounce in the previous session.

U.S. gold futures for August delivery rose 0.1 percent to $1,302.20 per ounce.

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Suhani Verma

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