Gold prices fall as investors await Fed’s ’25 1st meeting

Gold prices fell on Monday due to a stronger US dollar, with investors awaiting the Federal Reserve’s first meeting of 2025 for further insight into interest rate decisions.

Spot gold prices dropped at 9:09 GMT by 0.29 per cent to $2,763.22 per ounce, compared to the previous closing price of $2,771.25.

Meanwhile, US gold futures also decreased 0.41 per cent to $2,795.06, compared to Friday’s closing of $2,806.6.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama