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An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023.

Chalinee Thirasupa | Bloomberg | Getty Images

Gold struggled near a two-month low on Thursday, as investors assessed comments from two U.S. Federal Reserve officials on unexpectedly high January inflation that has tempered hopes for swift and deeper interest rate cuts this year.

Spot gold was flat at $1,991.70 per ounce (Oz), as of 0441 GMT, after hitting its lowest since Dec. 13 on Wednesday. U.S. gold futures were flat at $2,003.40/Oz.

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