Gold futures end lower after posting gains for six weeks in a row

Gold futures ended lower on Monday after posting weekly gains over the last six consecutive weeks. With so much uncertainty ahead of this week’s Federal Reserve meeting, gold prices have slipped back, “although the lows for the last 5 days have been pretty steady at around $1,915 and $1,920,” said Michael Hewson, chief market analyst at CMC Markets UK. “A hawkish surprise from the Fed could see prices slip back towards $1,900 in the short term.” The Fed will announce its monetary policy decision on Wednesday. Gold for April delivery
fell $6.40, or 0.3%, to settle at $1,939.20 an ounce on Comex.

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