Original title: Gold price falls! Why?

On Wednesday local time, the newly released minutes of the Federal Reserve's last interest rate meeting released a strong "hawkish" signal. The minutes showed that because the inflation data in the first quarter was not ideal, Federal Reserve officials generally expected that it would take longer to build confidence in the decline of inflation, and they were not in a hurry to cut interest rates. Some officials even expressed their willingness to support further interest rate hikes in the case of inflation rebound.

The minutes triggered a rebound in US bond yields, and the US dollar index rose to a high near the 105 threshold, putting pressure on gold prices. International gold prices fell significantly on Wednesday, with a decline of more than 1.3%. As of the closing, the June gold futures price on the New York Mercantile Exchange closed at US $2392.9 per ounce, down 1.36%.