T while market participants assessed the timeframe for potential cuts in US interest rates and were looking for new clues for greater clarity & On monetary policy, the price of gold fell on Wednesday due to the rise of the dollar

Spot gold was down 0.1% at $2,311.07 per ounce at 0235 GMT. US gold futures fell by 0.3% to $2,316.60. The American consumer price index is expected on May 15. According to Ilya Spivak, head of global macroeconomics at Tastylive, “the Fed is worried about inflation, but is not going to raise rates and wants to lower them further if it gets the chance - that's the story. Not much is going to happen until we get the CPI next week

Bullion is used as a hedge against inflation, but rising interest rates are reducing the interest in holding this asset without a return. Silver fell by 0.2% to $27.23 per ounce, platinum fell by 0.2% to $974.24 and palladium settled at $970.84