However, the metal’s descent was kept in check in the near term as expectations for cautious moves by the Federal Reserve on interest-rate policy dent the dollar.
June gold GCM6, +0.02% slipped $8.90, or 0.7%, to settle at $1,228.60 an ounce Wednesday, after tacking on 1.3%, or $15.50, Tuesday. Despite a rough trading patch in late March, gold prices are up some 16% so far in 2016. For the month, gold is down about 0.5%.
The SPDR Gold Trust GLD, -1.40% was down 1.3%, poised for a monthly loss of around 1.2%.
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