London, January 31 (QNA) – Gold prices eased on Tuesday, but were en route to their third straight month of gains, as market participants awaited the US Federal Reserve policy decision later this week.

Spot gold slipped 0.3% to $1,917.56 per ounce. US gold futures were down 0.3% at $1,933.60.

The dollar index held steady but was set for a fourth consecutive monthly drop. A weaker greenback tends to make dollar-priced bullion an attractive bet.

Traders mostly expect the Fed to scale back rate hikes to 25 basis points (bps) at the end of its two-day policy meeting on Wednesday.

Meanwhile, spot silver lost 0.7% to $23.43 per ounce, platinum fell 0.5% at $1,003.51, while palladium inched up 0.2% to $1,641.08. (QNA)


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