• Gold futures on the COMEX division of the New York Mercantile Exchange rose to a two-month high on Monday, as unease over economic policies of U.S. President Donald Trump pushed investors towards safer assets while the dollar fell.
• The most active gold contract for February delivery rose 10.7 U.S. dollars, or 0.89 percent, to settle at1,215.60 dollars per ounce.
• Silver for March delivery rose 15.4 cents, or 0.90 percent, to close at 17.186 dollars per ounce.
• After Trump's inauguration on Friday, investors have displayed increased uncertainty over the timing of the next Federal Reserve rate hike. Traders believe the Fed may raise rates from 0.75 to 1.00 during the March FOMC meeting at the earliest.
• According to the CME Group's Fedwatch tool, the current implied probability of a hike from 0.50 to at least 0.75 is at 2 percent at the February meeting and 15 percent for the March meeting.
• Traders are waiting for the release of the PMI marketing flash, and existing home sales on Tuesday, international trade in goods and weekly jobless claims on Thursday, gross domestic product, and durable goods orders on Friday.
Reference: Xinhua
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