Sekilas Info

Gold extended losses on Monday to trade near its lowest in a month, as investors waited for a Federal Reserve policy meeting later this week for clarity on when the U.S. central bank will hike interest rates.

Spot gold had dropped 0.2 percent to $1,105.40 an ounce by 0024 GMT, after losing 0.3 percent on Friday. The metal had fallen to $1,098.35 in the previous session, its lowest since Aug. 11. U.S. gold edged up 0.2 percent to $1,104.90.

The Fed will kick off a two-day policy meet on Wednesday, with a statement expected on Thursday. Gold prices have been hurt this year by uncertainty over the timing of the Fed's first rate hike in nearly a decade. Gold has benefited in recent years from ultra-low rates, which cut the opportunity cost of holding non-yielding bullion while weighing on the dollar, in which it is priced.

Concerns over slowing economic growth in China, mixed economic data and volatility in financial markets have increased uncertainty about the timing of any U.S. rate increase, which had been expected as early as this month

Nahhh..utk pair EU tentunya tahu sendiri kan? :smile: