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Gold steady amid expectations for further U.S. rate hikes

Reuters 

By Sethuraman N R(Reuters) - Gold prices held firm on Monday, below a 3-1/2-month peak hit last week, amid expectations of further U.S. interest rate hikes to come this year. Spot gold was mostly unchanged at $1,322.50 an ounce at 0259 GMT. Last week, the metal touched its highest since Sept. 15 at $1,325.86. Spot gold rose for a fourth straight week last week.U.S. gold futures were also mostly unchanged on Monday at $1,321.50 an ounce. "January is usually a good month for gold prices and should remain so on the anticipation of physical demand ahead of the Chinese New Year," said Stephen ...

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First Published: Mon, January 08 2018. 09:28 IST
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