Monthly change: XAUUSD +7.05%
After rising in early January to 1,959 USD due to turmoil in the U.S. preceding President Biden's inauguration, gold dropped after the Federal Reserve kept its monetary policy unchanged. This put gold on course for the worst start to the year in a decade. The precious metal lost about 3% last month, its worst January performance since 2011 as traders weighed the prospects for an economic recovery. Gold may still rise this quarter, buoyed by low U.S. real rates and a weaker U.S. dollar.
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