US Federal Bank

Gold and silver some losses on Wednesday after minutes from a Federal Reserve meeting suggested the central bank would stick to raising interest rates by half a percentage point in the June and July meetings.

 

Spot gold fell 0.7% to $1,853.80 per ounce gold having fallen 1.3% to $1,842.49 earlier in the session. U.S. gold futures settled down around 1% to $1,846.3.