💨 Abstract

Gold prices remained steady on Monday as investors awaited U.S. economic data, particularly the jobs report, for insights into the Federal Reserve's interest rate stance. The U.S. President-elect's inflationary policies and the Fed's projected rate cuts could impact gold's performance. Silver, platinum, and palladium also showed little change. The U.S. central bank's policy rate may remain restrictive until inflation returns to its target.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖