Dec 8 (Reuters) – Gold prices edged slightly down on Monday, as investors stayed cautious ahead of the U.S. Federal Reserve’s two-day policy meeting and Chair Jerome Powell’s remarks for clues on future monetary policy.
Spot gold was down 0.2% at $4,189.49 per ounce by 01:50 p.m. ET (1850 GMT). U.S. gold futures for February delivery settled 0.6% lower at $4,217.7 per ounce.
“The market is waiting for the Fed decision and for more guidance on policy,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.