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 Dow Falls More than 400 points on Higher Than Anticipated Inflation Data READ MORE Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle READ MORE The Fed is meeting today. Here’s what experts are saying about the odds of a rate cut. READ MORE Add a Comment Cancel replyYour email address will not be published.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
