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Gold slips as Fed signals more rate hikes, but trade worries limit losses

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - 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."It (rate hike) is all priced in and obviously there are a lot of uncertainties looking past this which is ...

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First Published: Thu, June 14 2018. 09:49 IST