Gold Faces a Lackluster January with a Close Eye on the Fed Gold prices are on track to mark their first monthly decline in four, as expectations for early U.S. interest rate cuts wane ahead of the Federal Reserve’s policy decision. Spot gold hovered around $2,037.30 per ounce, reflecting a modest drop of 1.2% for the month, amidst reduced bets for a March rate cut by the Fed. The precious metal’s performance this month contrasts sharply with its record high in December, driven by previous rate cut speculations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Regional Banks Continue to Tumble READ MORE A Pivotal Week for Stock Markets: Earnings, Fed Decisions, and Job Reports READ MORE McDonald’s CEO Promises ‘Affordability’ Amid $18 Big Mac Combo Backlash READ MORE IEA, OPEC Divergence On Oil Demand Becomes Too Big To Ignore READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
