Gold near five-week low as rate-cut optimism fades

London, Jan 18 (BNA): Gold prices hovered near five-week lows on Thursday, as hawkish remarks from Federal Reserve officials and robust data dampened investors’ expectations for deeper and early interest rate cuts in the U.S. this year.

 

Spot gold edged 0.1% higher to $2,008.17 per ounce by 0552 GMT, a day after it fell to $2,001.72 – its lowest since December 13, Reuters reported.

 

U.S. gold futures rose 0.2% to $2,010.10.

 

 

ZH