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Gold $4,197.31 $(10.4) -0.25% Silver $58.30 $1.01 1.77% Platinum $1,639.20 $(10.84) -0.66% Palladium $1,447.15 $7.9 0.55%

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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