KONTAN.CO.ID - Gold prices declined on Monday, as hopes of a March interest rate cut by the Federal Reserve faded, while traders awaited key U.S. economic data and major central bank policy meetings this week. Spot gold was down 0.4% at $2,021.39 per ounce, as of 0955 GMT. U.S. gold futures fell 0.3% to $2,023.20. "At the moment, we have this asymmetry between what central banks are saying and what the market was pricing," said Carlo Alberto De Casa, market analyst at Kinesis Money.
Gold Prices Drop as US Rate-Cut Hopes Fade
KONTAN.CO.ID - Gold prices declined on Monday, as hopes of a March interest rate cut by the Federal Reserve faded, while traders awaited key U.S. economic data and major central bank policy meetings this week. Spot gold was down 0.4% at $2,021.39 per ounce, as of 0955 GMT. U.S. gold futures fell 0.3% to $2,023.20. "At the moment, we have this asymmetry between what central banks are saying and what the market was pricing," said Carlo Alberto De Casa, market analyst at Kinesis Money.