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Spot gold was trading at $2,338.04 an ounce, steady from previous session's 1% decline. Gold futures were trading at $2,358.30, down 0.2%.

Wall Street indexes retreated on Wednesday, led by declines in rate-sensitive sectors as concerns around the timing and the scale of the Federal Reserve's interest rate cuts pushed Treasury yields...

U.S. stocks fell on Wednesday amid further gains in Treasury yields and concern over the timing and scale of possible interest rate cuts from the Federal Reserve. The Dow fell to its...

U.S. stocks dropped on Wednesday due to rising Treasury yields and uncertainties about future interest rate cuts by the Federal Reserve. The Dow fell over 1%, reaching a near one-month low, while S&P 500 sectors also declined. Market sentiment was dampened by conflicting rate cut expectations and modest inflation growth.

The Commerce Department said new orders for key U.S.-manufactured capital goods rebounded more than expected in April while the University of Michigan reported that consumers' inflation expectations improved in late May after deteriorating early in the month.