Gold retreats as dampened Fed rate cut hopes dent appeal

Gold retreats as dampened Fed rate cut hopes dent appeal Gold prices slipped on Monday as hopes for early interest rate cuts this year dampened, while focus shifted to the Federal Reserve policy meeting and U.S. non-farm payrolls data due this week for further clarity on monetary policy. Spot gold fell 0.5% to $2,327.09 per ounce by 0334 GMT. U.S. gold futures were down 0.4% at $2,338.30. "Short term, gold is facing some challenges given the likely delayed timeline for …