Commodity Roundup: Reduced March rate cut bets weigh on gold; oil up (Commodity:CO1:COM)

News Snapshot:

Gold prices inched lower on Monday as the U.S. dollar held firm and market pricing centered on an interest rate cut from the Federal Reserve as early as March withered in recent days, weighing on non-yielding bullion. Spot gold (XAUUSD:CUR) was down -0.31% to $2,022.71 an ounce by 6 am ET. Oodds on a Federal Reserve cut in March have shifted to 50-50 following solid retail sales data and consumer sentiment. Reports on U.S. GDP and the core PCE price index could change the equation, with a lot riding on the core PCE rising 0.2% or less in December. San...