Key Points
(Reuters) Gold prices steadied on Monday as traders braced for fresh data on U.S. economic growth and the Federal Reserves preferred inflation gauge due later this week, ahead of the central banks interest rate verdict next week...
* Bullion recorded its biggest weekly decline in six last week, after U.S. central bankers pushed back against expectations of early interest rate cuts...
* Last week, Chicago Fed President Austan Goolsbee said that the Fed needs more inflation data in hand before any rate cut judgment could be made..
* U.S. consumer sentiment improved in January to the highest level since the summer of 2021, a survey showed last week, on the heels of solid labor market and retail sales data indicating the economy remained firm...
* The odds of a Fed rate cut in March have dropped to 55% from about 71% two weeks ago, according to LSEGs interest rate probability app IRPR...
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