Gold prices edge down after rebounding from 2023 lows.
Gold prices fell slightly on Wednesday after logging a two-day recovery from their lowest levels this year, with focus remaining on any more signals on the U.S. economy and the Federal Reserve.
The yellow metal had fallen for five consecutive days to its lowest level since late-December, as a series of strong U.S. inflation readings and hawkish signals from the Fed drove investors out of non-yielding assets, chiefly metals.
Spot gold fell 0.1% to $1,825.29 an ounce, while gold futures fell 0.1% to $1,831.95 an ounce by 19:03 ET (00:03 GMT). Both instruments rose about 1% over the past two sessions.
