💨 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 🤖
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