Bullion backs down on momentary greenback rally

27.05.2022

Gold prices dropped on Thursday as the dollar edged higher, with some investors cashing in after minutes of a U.S. Federal Reserve policy meeting showed that the central bank was likely to stay the course on interest-rate hikes.

Spot gold dipped 0.5% to $1,844.15 per ounce, by 0546 GMT, as a...