Gold Eases As Investors Look To Fed Rate Hike Meeting – 17 January, 2022

Gold prices took a slight dip, pressured by higher U.S. Treasury yields, as investors look for hints about the timeline of the Federal Reserves next interest rate hike from its policy meeting next week. U.S. gold futures were little changed at $1,816.20 per ounce, while Spot gold fell 0.1% to $1,817.11 per ounce. The Fed’s are set to meet between January 25 and 26, with global investors shifting their attention to the outcome of the meeting after central bank officials signalled they would start raising interest rates in March to tame inflation.