Gold Loses Glitter As Fed Decision Nears, Slips Below $4,300 On Strong Rate Hike Bets
Gold prices fell on Monday as expectations of a US Federal Reserve rate hike strengthened before this week’s policy meeting. Hotter inflation and rising oil prices reinforced bets for tighter monetary policy. US spot gold declined below $4,300 to $4,292-an-ounce mark by 4:20 PM IST, down about 1.3% from the previous session’s close. US gold…