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 Zimbabwe’s new gold-backed currency, the ZiG, is on a roll READ MORE Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation READ MORE Currency Watch: Dollar Rises, Eyes Set on Upcoming U.S. Inflation Insights READ MORE How Do People’s Experiences of Inflation Differ? READ MORE Add a Comment Cancel replyYour email address will not be published.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