COMMODITY
Gold futures finish tad lower ahead of FOMC meeting decision
Sep-17-2024

Gold futures finished tad lower on Monday, pressured by the firmness in dollar and bond yield notes ahead to FOMC meeting decision. As per reports from CME’s Fed Watch Tool market anticipates 67% probability for 50-basis-point cut, while the chance of a smaller 25-basis-point reduction stands at 33%. Anticipations of higher interest rate cut trimmed losses in the yellow metal rates.

Gold futures for December delivery dipped by $1.80 or 0.06% to settle at $2,608.90 per ounce on the Comex division of the New York Mercantile. Spot gold down by $5.23 or 0.20% to settle at $2,577.22 an ounce.


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