Gold Steady as Traders Focus on Central Bank Decisions

Gold prices held steady on Monday as investors awaited a US Federal Reserve meeting this week where the central bank could signal a pause in interest rate hikes from July.

Spot gold was little changed at $1,960.01 per ounce, while US gold futures fell 0.2% to $1,961.80.

The dollar index inched lower, but held near its more than one-week peak hit on July 20, limiting golds rise as a stronger dollar makes the metal more expensive for holders of other currencies.

Among other metals, spot silver rose 0.1% to $24.6 per ounce, platinum and palladium fell 0.1% to $960.78 and $1,289.51 respectively.

Source: Qatar News Agency