Gold futures finished lower on Monday, saddled by the firmness in dollar ahead of the Federal Reserve’s two-day policy meeting. A shift away from safe-haven assets like gold, as interest rate cut would typically strengthen the economy and make riskier assets more attractive, also pressured yellow metal investments.
Gold futures for February delivery down by $25.30 or 0.59% to settle at $4,217.70 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $5.92 or 0.14% to $4,196.58 an ounce.
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