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Gold $3,183.94 $(56.8) -1.75% Silver $32.21 $(0.41) -1.26% Platinum $984.70 $(6.49) -0.65% Palladium $964.88 $11.53 1.21%

Gold hovers below key $2,000 mark as markets tone down rate-cut bets

Gold hovers below key $2,000 mark as markets tone down rate-cut bets

Feb 14 (Reuters) - Gold prices extended declines on Wednesday, languishing below the key $2,000-per-ounce mark, pressured by a stronger-than-expected U.S. inflation report that caused investors to pull back on bets of rate cuts by the Federal Reserve.
 
Spot gold fell 0.1% to $1,991.10 per ounce as of 1130 GMT — its lowest since Dec. 13. Bullion fell about 1.4% on Tuesday, its biggest daily loss since Dec. 4...[LINK]
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