Gold near 5-week low as rate-cut optimism tapers



Gold prices hovered near five-week lows on Thursday, as hawkish remarks from Federal Reserve officials and robust data dampened investors' expectation for deeper and early interest rate cuts in U.S. this year.

Spot gold edged 0.1% higher to $2,008.59 per ounce by 0347 GMT, a day after it fell to $2,001.72 - its lowest since Dec. 13.

U.S. gold futures rose 0.2% to $2,010.70.

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