India, June 19 -- Gold prices drifted lower on Thursday, with Middle East tensions and central bank decisions in focus.
Spot gold slid 0.1 percent to $3,365.85 per ounce in European trade while U.S. gold futures were down 0.6 percent at $3,387.67.
Bullion was coming under selling pressure after the U.S. Federal Reserve signaled a hawkish interest rate outlook.
At the end of a two-day policy meeting on Wednesday, the U.S. central bank left interest rates unchanged, forecast two more quarter-point cuts for the year, lowered the 2025 GDP growth forecast and raised the core inflation outlook to 3.1 percent.
Chair Jerome Powell signaled that officials would wait to see the impact of President Trump's tariffs on inflation before proceeding on...