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Gold $4,400.31 $(6.91) -0.16% Silver $69.50 $0.36 0.52% Platinum $1,893.84 $15.77 0.84% Palladium $1,407.71 $(9.01) -0.64%

Gold hovers below key $2,000 mark as markets tone down rate-cut bets

Gold hovers below key $2,000 mark as markets tone down rate-cut bets

Feb 14 (Reuters) - Gold prices extended declines on Wednesday, languishing below the key $2,000-per-ounce mark, pressured by a stronger-than-expected U.S. inflation report that caused investors to pull back on bets of rate cuts by the Federal Reserve.
 
Spot gold fell 0.1% to $1,991.10 per ounce as of 1130 GMT — its lowest since Dec. 13. Bullion fell about 1.4% on Tuesday, its biggest daily loss since Dec. 4...[LINK]
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