💨 Abstract

Gold prices dropped on Monday due to a stronger US dollar, with investors waiting for the Federal Reserve's meeting in January for guidance on US interest rates. Spot gold fell 0.6% to $2,755.80 per ounce, while US gold futures decreased 0.7%. The dollar's rise made gold expensive for other currency holders. Despite the drop, the downside for gold is limited due to safe-haven flows.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖