India, May 29 -- Gold prices traded lower for a fourth consecutive session on Thursday in the wake of hawkish FOMC minutes and a federal court ruling against U.S. President Donald Trump's 'liberation day' trade tariffs.
That said, there was some intraday recovery from over a one-week low following a modest pullback in the dollar index and fresh Sino-U.S. tensions after the U.S. government reportedly imposed new export restrictions on a range of goods shipped to China.
Spot gold dipped 0.3 percent to $3,279.96 per ounce in European trade, while U.S. gold futures were down 0.6 percent at $3,301.90.
Traders trimmed rate cut bets following hawkish minutes from the Federal Reserve's May 6-7 meeting.
"Almost all" Fed officials at their last m...