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Gold $4,339.74 $(2.61) -0.06% Silver $63.57 $0.08 0.12% Platinum $1,745.30 $(2.45) -0.14% Palladium $1,374.20 $(2.25) -0.16%

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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