Gold prices closed lower on Monday (30th).

(Reuters file photo)

[Financial Channel/Comprehensive Report] After rising for six consecutive weeks, gold prices closed lower on Monday (30th). Gold futures for April delivery closed down US$6.40, or 0.3%, to close at US$1,939.20 an ounce.

"MarketWatch" reported that precious metals analysts believe that the retreat in gold prices on Monday is mainly due to investors taking profits after the bull market pushed gold to a nine-month high.

Traders are also watching the Fed's actions. The two-day monetary policy meeting will end on Wednesday (February 1), and the outside world is currently expected to raise interest rates by 1 yard (0.25 percentage points).

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Kitco.com senior analyst Jim Wyckoff (Jim Wyckoff) said that ahead of this week's highly anticipated monetary policy meeting, gold saw a mild correction, and futures traders saw some profit-taking.

The latest inflation data in the United States shows that the trend of rising prices continues to slow down. Kinesis Money market analyst Rupert Rowling (Rupert Rowling) pointed out that this provides the Fed with more room to operate and increases the chances of raising interest rates by 1 yard. hope.

Rowling then mentioned that the Fed's current relatively less aggressive stance has been reflected in the price of gold, which is also the catalyst for the precious metal's surge since November.

In terms of other precious metals, silver futures for March delivery rose 0.5% to close at $23.733 an ounce; palladium for March delivery rose 1.8% to close at $1,628 an ounce; platinum for April delivery rose 0.4% to close at $1,020.60 an ounce. Dollar.

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