Gold holds above $1,900/oz on smaller U.S. rate-hike bets

Investors are mostly expecting a 25 basis points (bps) rate hike increase at the Fed's next policy meeting. The U.S. central bank raised rates by 75 bps four times last year, before slowing to a 50 bps increase in December. Lower rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset.

Gold holds above $1,900/oz on smaller U.S. rate-hike bets
Investors are mostly expecting a 25 basis points (bps) rate hike increase at the Fed's next policy meeting. The U.S. central bank raised rates by 75 bps four times last year, before slowing to a 50 bps increase in December. Lower rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset.