Gold Futures Drop, Fed Rate Cut Expected

Gold futures opened lower on Monday, with a slight drop of 0.4% from Fridays closing price. The Federal Reserves policymaking committee is set to meet, with a high probability of a quarter-point rate reduction. Lower interest rates could boost golds appeal, despite Mondays dip. Gold has seen significant gains, up over 6% in the last month and 61.4% over the past year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.