Gold Slips in Asia Amid Dollar Strength

Gold prices fell during Asian trading on Monday, pressured by a stronger dollar and anticipation of the Federal Reserve’s upcoming decision on interest rates.

Spot gold dipped 0.1% to $2,768.01 per ounce, while U.S. gold futures dropped 0.2% to $2,772.70.

Market analysts expect Federal Reserve policymakers to keep interest rates unchanged within the current range of 4.25% to 4.50% during their meeting on January 28-29.

As for other precious metals, silver slid 0.3% to $30.52 per ounce, palladium fell 0.8% to $979.72, and platinum edged down 0.4% to $945.20.