Gold Retreats as Dollar Firms; Fed Decision Looms

GOLD - JAKARTA. Gold prices dipped on Monday, pressured by a firmer U.S. dollar, while investors focussed on the Federal Reserve's first meeting of 2025 for more guidance on the interest rate path.

Spot gold dropped 0.7% to $2,751.71 per ounce by 0748 GMT, after trading just below record-high levels on Friday. U.S. gold futures fell 0.8% to $2,756.30.