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Gold trips as markets scale back U.S. rate cut bets ahead of key data

Gold trips as markets scale back U.S. rate cut bets ahead of key data

Gold slipped on Monday as markets pared back expectations of the Federal Reserve’s easing cycle and cautiously awaited a key inflation reading this week, which is likely to provide an updated view on the timing of interest rate cuts.

Spot gold edged down 0.1% to $2,033.89 per ounce as of 1005 GMT, after rising to its highest since Feb. 7 on Friday. U.S. gold futures dropped 0.3% to $2,043.30 per ounce...[LINK]

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