Gold Faces a Lackluster January with a Close Eye on the Fed 📅 Published on: January 31, 2024 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 Fed's Rate Cut Expectations Delayed as US Economy Proves Robust READ MORE Inflation, Growth, and Labor Data Heat Up, But Wall Street Stays Skeptical READ MORE Oxfam Report: Billionaire Fortunes Double Amidst Global Pandemic READ MORE Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience READ MORE Add a Comment Cancel replyYour email address will not be published.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
