Gold futures settled lower on Monday as the dollar climbed up amid bets about a rate hike ahead of the Federal Reserve's policy announcement.
The Federal Reserve is scheduled to announce its monetary policy on Wednesday. The central bank is widely expected to raise rates by 25 basis points. As per the CME FedWatch tool, probability for a 25 basis points hike now stands at 84.3 percent, versus 83.9 percent a day earlier and 90.5 percent a week earlier.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com