The Federal Reserve may not cut interest rates due to lagging data, gold prices drop by 1%
Due to market expectations that the Federal Reserve will not cut interest rates, gold prices fell on Monday. Spot gold dropped 1%, priced at $4,044.96 per ounce. December futures gold fell 0.5%, priced at $4,074.5 per ounce. Other precious metal prices were mixed, with December silver prices rising 0.1%, December copper prices falling 1%, January platinum prices falling 0.6%, and December palladium prices falling 0.6%
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