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  /  News   /  Metals Stocks: Gold prices end higher, but $1,800 stays out of reach as investors eye Fed meeting

Metals Stocks: Gold prices end higher, but $1,800 stays out of reach as investors eye Fed meeting

Gold futures settled higher on Monday, but remained below the key $1,800 mark as investors weighed the latest reading on the U.S. manufacturing sector ahead of this week’s Federal Reserve meeting and monthly nonfarm payrolls data.

“Inflation continues to worry central bank officials, with lingering supply-chain issues and high energy prices making a protracted rise in consumer prices more likely than previously thought,” said Ricardo Evangelista, senior analyst at ActivTrades, in a daily note.

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