WORLD CAPITALS, 31st January, 2024 (WAM) -- Gold prices on Wednesday were headed for their first monthly dip in four as investors tempered their bets of swift and deep rate cuts in the US in the light of a resilient economy and also awaited remarks from the Federal Reserve due later in the day, Reuters said.
Spot gold edged 0.1% lower to $2,033.88 per ounce by 0513 GMT after touching a two-week high of $2048.12 in the previous session. Prices have dropped 1.4% so far this month.
US gold futures rose 0.1% to $2,033.30.
Spot silver dropped 0.5% to $23.05 per ounce, platinum slipped 0.2% to $918.79, and palladium rose 0.2% to $977.67. All three were poised for a monthly decline.