Gold prices fell for a third straight session on Thursday, May 23, after minutes from the latest U.S. Federal Reserve meeting indicated that some officials were leaning toward raising interest rates.
Spot gold fell 0.6% to $2,365.49 an ounce, having hit a record high of $2,449.89 on Monday.
US gold futures also fell 1.1% to $2,367.60.
Federal Minutes
The Fed's meeting minutes showed that the policy response for now will include keeping the benchmark interest rate at its current level, but also indicated discussions about possible further rate increases.
Other minerals
Among other metals, spot silver fell 0.9% to $30.48. Platinum lost 0.6% to $1,028.55. Palladium fell 1.1% to $988.62.
