Gold near lowest in over three months ahead of US Federal meeting

Gold was stuck near its lowest in over three months on Monday, pressured by a stronger dollar ahead of a key Federal Reserve policy meet this week that could hint at the timing of any hike in US interest rates.



Spot gold edged up 0.3 per cent to $1,162.50 an ounce by 0753 GMT. The metal hit its lowest since Dec. 1 last week at $1,147.10, after strong US jobs data stoked speculation that the Fed would increase rates in June.



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Posted in: Indian Market Tips