Gold prices down on Monday ahead of Fed clues

Gold prices fell on Monday as investors await further information on the US Federal Reserve’s interest rate plans and President-elect Donald Trump’s tariff policies, which could impact the metal’s future trajectory.

Spot gold prices fell at 6:56 AM GMT by 0.04 per cent to $2,618.91 per ounce, compared to the previous closing price of $2,620.

Meanwhile, US gold futures dipped 0.04 per cent to $2,630.72, compared to Wednesday’s closing of $2,631.9.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser