Gold prices fell on Wednesday, with the dollar regaining some of its strength, while dealers are evaluating the prospects for the Federal Reserve (the US central bank) to raise interest rates again in May, before temporarily stopping the lifting cycle.
The dollar index rose 0.1 percent, making the yellow metal more expensive for buyers of other currencies.
Gold is considered a hedge in times of high inflation, but high interest rates reduce the attractiveness of non-yielding bullion.
Investors are now looking for clues as to whether the May hike will be the last before the Federal Reserve pauses the rate hike cycle.
Prices change
Spot gold fell 0.1 percent to $2,003.03 an ounce by 0337 GMT. US gold futures also fell 0.2 percent to $2016.20, according to Reuters data.
As for other precious metals, silver fell in spot transactions 0.2 percent to $ 25.16 an ounce, platinum fell 0.6 percent to $ 1075.58, while palladium rose 1 percent to $ 1624.72.
