Gold Remains Flat As Investors Look To Economic Data – 31 January, 2022

Investors were looking to an influx of economic data and central bank meetings, as well as attempting to digest the U.S. Federal Reserve’s policy tightening plans, leaving gold mostly flat for the start of the week. Spot gold was minimally changed at $1,797.64 per ounce. Gold futures were up 0.1% at $1,797.60 per ounce. Among the data due later this week is U.S. non-farm payroll as investors will look for signs of weak hiring and strong wage growth which could potentially push gold lower.