Gold Declines as Prospects for U.S. Rate Increase Boosts Dollar

  • Fed officials say two rate rises this year may be warranted
  • Odds of U.S. rate hike in June rise to 14% from 4% on Monday

Gold retreated for the first time in four sessions as prospects for higher U.S. interest rates boosted the dollar, hurting the metal’s appeal as an alternative investment.

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