Gold holds below $3,000 ahead of Fed rate decision
Gold prices firmed on Monday, sitting just below the $3,000-mark that was broken last week, with the focus on trade tariffs and the U.S. Federal Reserve's policy meeting.
Spot gold was up 0.5% at $2,998.14 an ounce by 01:30 p.m. ET (1730 GMT), having hit a record high of $3,004.86 on Friday.
U.S. gold futures settled 0.2% higher at $3,006.10.
The Federal Reserve will give its new economic projections this week, which will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of President Donald Trump's policies that have clouded a previously solid economic outlook.
Data showed U.S. retail sales rebounded by less than expected in February, signalling moderate economic growth despite import tariffs and federal worker layoffs dampening sentiment.
Trump, meanwhile, said he plans to speak to Russian President Vladimir Putin on Tuesday and discuss ending the war in Ukraine.
Spot silver was unchanged at $33.78 an ounce and palladium was up 0.2% at $967.01, while platinum added 0.9% to $1,002.
Source: Reuters
