India, June 18 -- Gold inched lower on Wednesday as investors kept a close watch on escalating developments in the Israel-Iran conflict and awaited the Federal Reserve's interest-rate decision later in the day.
Overall losses remained capped as weak U.S. retail sales, housing and industrial output released overnight added to bets the U.S. central bank will cut interest rates at least once more in 2025.
Spot gold dipped 0.2 percent to $3,382.68 per ounce in European trade while U.S. gold futures were down 0.1 percent at $3,402.50.
The dollar slipped as comments from U.S. President Donald Trump raised fears of U.S. involvement in the Israel-Iran conflict.
Trump demanded "unconditional surrender" from Tehran, warning that U.S. patience was...