Gold Softens on Caution ahead of US Fed’s Policy Decision

Singapore, Gold started November on a softer note, after the safe-haven asset's prices above $2,000 an ounce last month with investors on the watch for the US Federal Reserve's policy decision due later in the day.

Spot gold fell 0.2% to $1,978.36 per ounce, while US gold futures dropped 0.4% to $1,987.00.

Markets now await the outcome of the Fed's monetary policy meeting concluding later in the day, followed by the US monthly jobs report on Friday.

In other metals, spot silver dropped 1% to $22.662 per ounce, platinum slipped 0.6% to $927.77, while palladium rose 0.5% to $1,120.91.

Source: Qatar News Agency