**LIVE PRICE UPDATE OF
MARCH
MONDAY
19/3/2018 (12:07)PM
GOLD 30142
SILVER 38252
CRUDE 4032
NATURAL GAS 175.50
COPPER 445.40
LEAD 154.45
NICKEL 877.60
ZINC 211.05
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PRECIOUS-Gold prices edge down as dollar stays firm ahead of Fed meeting
March 19 (Reuters) – Gold prices extended losses into a fourth session on Monday, with the dollar remaining supported as investors expect the U.S. Federal Reserve to raise interest rates this week.
Spot gold XAU= was down 0.1 percent at $1,311.70 per ounce at 0402 GMT, after falling 0.8 percent last week.
U.S. gold futures GCcv1 for April delivery dropped 0.1 percent to $1,311.60 per ounce.
“I think the overall economic recovery is good enough for the (U.S.) central bank to consider a faster pace of normalization of monetary policies,” said Mark To, head of research at Hong Kong’s Wing Fung Financial Group.
A two-day Federal Open Market Committee (FOMC) meeting begins on Tuesday, with the U.S. central bank expected to hike interest rates for the first time this year.
“It is somehow expected and is already priced in the market so I stick to my prediction that precious metals, with gold included, are going to have range-bound trading, unless something really surprising happens,” said To.
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