*Gold prices have fallen for two consecutive weeks.*
This is due to the comments from Fed officials and better-than-expected economic data.
The fear is that the "Fed will continue to hike interest rates this year".
This could put more 'downward' pressure on gold. As a result, gold lost the $2,000 mark, while the dollar strengthened.
Spot gold remained flat at $1,983.94 an ounce
However, fears of a potential banking crisis and recession also drove demand for gold.
Despite the decline, gold's safe-haven status could still provide some support in the event of a recession caused by rising US interest rates.
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