Gold Holds Near Five-Week Highs, But Potential U.S. Rate Hike Weighs

Gold held steady on Thursday, after hitting a five-week high in the previous session, supported by geopolitical tensions and a weaker dollar, but expectations the U.S. Federal Reserve will hike interest rates this month weighed on prices.
Spot gold was down 0.03 percent at $1,268.46 per ounce at 0407 GMT. On Wednesday, it touched a session high of $1,273.74 an ounce, its strongest since April 25.
U.S. gold futures fell 0.3 percent to $1,268 an ounce.
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