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Metals Stocks: Gold prices slip a bit ahead of Fed meeting this week

December 9, 2019

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the Federal Reserve and a U.K. general election that could roil markets.

The coming two-day Fed meeting, which begins Tuesday and concludes with a monetary policy decision on Wednesday, has held “gold in check,” said George Gero, managing director at RBC Wealth Management. “While buyers wait [for] more headlines and news items, there is little reason for long term holders to sell now.”

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