Economic news

Gold steady ahead of Fed policy meeting

Gold prices were firm on Monday, after last week’s decline, as dollar index fell and major U.S. stock indexes slid in early trade.

April gold futures inched up by 60 cents to $1,312.90 an ounce. May silver was down less than 0.1% at $16.26 an ounce.

The dollar index fell 0.3% to 89.99.

Investors waited for Federal Reserve meeting to understand how fast it may continue with policy tightening this year. Fears of a potential global trade war also weighed on investors' sentiment.


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