Gold declines as dollar rises after federal meeting minutes

Gold prices fell on Wednesday, affected down by an uptick in the dollar and U.S. Treasury yields after minutes from the Federal Reserve’s June policy meeting cemented expectations that rates would remain high for a longer period.

Spot gold prices transactions fell 0.5 percent to $1916.49 per ounce by 1832 GMT, while U.S. gold futures fell 0.1 percent to $1927.10 on adjustment.

Elsewhere, spot silver rose 0.2 percent to $23.1444 per ounce, palladium fell 0.5 percent to $1,253.31, while platinum was flat at $915.43.

A united Fed agreed to hold interest rates steady at the June meeting, according to meeting minutes released on Wednesday, even as the vast bulk expected they would eventually need to tighten policy further.