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Gold off 11-week highs after Fed signals more U.S. rate hikes

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold eased off multi-week highs on Thursday as minutes from the Federal Reserve's last policy meeting raised expectations of a faster pace of U.S. rate hikes, but concerns about possible U.S. military action against Syria limited losses.After rising for four previous sessions, spot gold was down 0.2 percent at $1,350.70 an ounce as of 0319 GMT and U.S. gold futures fell 0.4 percent to $1,354.5 an ounce.All of the Federal Reserve's policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months, minutes of the ...

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First Published: Thu, April 12 2018. 10:04 IST