Spot gold price, reflecting gold trading physical gold and is closely followed by some traders against gold futures, at $1,934.82 at 14:10 ET (18:10 GMT), down $1.53 or 0.08% on the day. Before that, it fell to the lowest level in three month is $1,919.44. Despite Wednesday rally, some analysts
Analysts predict gold will continue to weaken as the Fed continues to maintain maintain higher interest rates.
Powell remains bullish on interest rates; Gold market begins sharp
Gold falls as Powell begins his first speech Congress, steadfast in the tough stance he has taken used at the Fed's rate decision press conference from June 14, when the central bank pauses the monetary tightening lasted more than a year.
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