COMMODITY
Gold futures settle lower amidst fewer Fed rate cut bets
Jan-07-2025
Gold futures settled lower on Monday, amid cautious approach by Federal Reserve to rate cuts this year, citing the resilient labour market and persistent inflation dulled investment appeal of the bullion. Advancing dollar and on rising bond yield notes also pressured yellow metal rates.

Gold futures for February delivery down by $7.30 or 0.27% to settle at $2,647.40 ounce on the Comex division of the New York Mercantile. While, spot gold up by $2.99 or 0.11% to $2,639.46 an ounce.

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