Gold falls amid anticipation of US Federal Reserve interest rate decision

Gold prices fell in early Asian trading on Monday as the dollar rose, as investors awaited the interest rate decision that will be issued by the first meeting of the Federal Reserve (the US central bank) in 2025, scheduled to be held later this week.

By 00:46 GMT, the price of spot gold fell by 0.1% to reach $ 2,768.01 per ounce. US gold futures also fell by 0.2% to record $ 2,772.70.

The dollar index rose by 0.2%, making gold more expensive for buyers in other currencies, according to Reuters.

Federal Reserve policymakers are expected to keep interest rates in the current range between 4.25% and 4.50% during their meeting scheduled for January 28-29. However, all eyes are on how the Federal Reserve will handle President Donald Trump’s early economic moves, which are likely to have a major impact on the economy this year, including his demand that the Fed continue to lower borrowing costs.