India, May 8 -- Gold prices declined on Thursday for a second day running as the Federal Reserve's hawkish pause underpinned the U.S. dollar and weighed on safe-haven demand for the non-yielding precious metal.
Spot gold fell 0.6 percent to $3,343.40 per ounce in European trading while U.S. gold futures were down 1.4 percent at $3,343.94.
On Wednesday, the Federal Reserve warned of economic uncertainty after leaving interest rates unchanged, as widely expected.
Fed Chair Jerome Powell, who has been on the receiving end of severe criticism from President Trump for not cutting rates, emphasized that the mandate of resolving the uncertainties around tariffs, inflation and unemployment lies with the White House, and the central bank will cha...