Gold prices drop as rate-cut euphoria fades

London, Jan. 22 (BNA):  Gold prices fell on Monday as traders dialled back expectations for rapid interest rate cuts, while improved risk sentiment ahead of key U.S. economic data and major central bank policy meetings this week also weighed on the safe-haven asset.

 

Spot gold was down 0.4% at $2,022.28 per ounce, as of 0639 GMT, Reuters reported.

 

U.S. gold futures fell 0.3% to $2,023.80.

 

Spot silver fell 1.9% to $22.18 per ounce, platinum lost 0.3% to $896.27, and palladium slipped 0.8% to $938.70.

 

 

ZH