Gold

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Gold

Reuters

Benglauru

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GoldedgedloweronWednesdayashawkish comments fromU.S.FederalReserve officials raised bets on a rate hike this year, with traderswaiting forminutes fromthe last Fed policymeeting formore clues. New York Fed President William Dudley said a rate hike in September was possible, while Atlanta Fed President Dennis Lockhart

said the U.S. eco**my is likely strong e**ugh for at least one rate increase before the end of 2016, with two a possibility. Spot Gold was down 0.3 percent at $1,341.84 an ounce at 0654 GMT. The precious metal rose 0.5 percent on Tuesday. U.S. Gold fell 0.7 percent to $1,346.80 an ounce. "The comments (on rate hikes) are certainly

pricing on gold," said ANZ analyst Daniel Hynes. Gold investors, however, have held relatively well despite these issues cropping up, indicating a broader level of support for this market, Hynes added. _



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