Gold Retreats as Dampened Fed Rate Cut Hopes Dent Appeal

Gold prices slipped on Monday as hopes for early interest rate cuts this year dampened, while focus shifted to the Federal Reserve policy meeting and US non-farm payrolls data due this week for further clarity on monetary policy. Spot gold fell 0.5% to $2,327.09 per ounce. US gold futures were down 0.4% at $2,338.30. Spot silver rose 0.3% to $27.24 per ounce, spot platinum was up 0.5% to $919.95 and palladium gained 0.1% to $954.94. Source: Qatar News Agency