Gold price flat ahead of Fed policy meeting
Gold was little moved on Monday ahead of the US Federal Reserve’s final interest rate decision of the year, with traders also weighing the policy outlook for 2025.
Spot gold gained only 0.1% to $2,651.67 per ounce by 11:50 a.m. ET, while US gold futures slipped 0.1% to $2,673.60 per ounce in New York.
Bullion is coming off a 2.6% decline over the previous two sessions on the back of mixed US data — including accelerating wholesale inflation and higher-than-expected jobless claims.
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