PRECIOUS - Gold Prices Hover Near Two-Week Low as Rate Cut Bets Ease

PRECIOUS - May 27 (Reuters) - Gold edged up on Monday but was hovering near a two-week low hit in the previous session as investors pared expectations of a U.S. interest rate cut after the Federal Reserve's latest meeting indicated that a delay in monetary policy easing is likely.

Spot gold XAU= rose 0.2% to $2,338.85 per ounce, as of 0211 GMT. Prices hit its lowest since May 9 at $2,325.19 on Friday.