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Gold $4,794.62 $(26.03) -0.54% Silver $78.91 $(0.8) -1.01% Platinum $2,072.50 $(9.02) -0.43% Palladium $1,553.15 $(3.41) -0.22%

Gold hits 5-month low as robust US data lifts rate hike bets

Gold hits 5-month low as robust US data lifts rate hike bets

Aug 17 (Reuters) - Gold hit a five-month low on Thursday after data pointed to a resilient U.S. economy and raised prospects that the Federal Reserve may hike interest rates once more this year.

Spot gold edged up 0.2% to $1,893.30 per ounce by 0945 GMT, as some traders bought on the dips, but hovered near its weakest level since March 15 at $1,888.30...[LINK]

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