Skip to contentGold hovers near 9-month peak on slower rate-hike hopes.
Gold held near nine-month highs on Monday, aided by expectations of slower interest rate hikes from the U.S. Federal Reserve.
FUNDAMENTALS
* Spot gold was little changed at $1,918.60 per ounce, as of 0014 GMT. Earlier, prices had hit $1,922.25, its highest since April 2022.
* U.S. gold futures fell 0.1% to $1,920.10.
* Market participants are mostly expecting a 25 basis points (bps) rate hike increase at the Fed’s next policy meeting.
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