Gold Prices Dipped Ahead of Federal Reserve Rate Hike Decision

Gold prices have dipped slightly ahead of the highly anticipated Federal Reserve monetary policy decision. The Fed is widely expected to raise interest rates, and investors are cautious about making large bets in anticipation of this move.

Spot gold fell by 0.1% to $4,288.48 an ounce, while US gold futures for December delivery slipped 0.1% to $4,328.10 an ounce. This marks the lowest level gold has reached in over a month.

The prices of other precious metals have also been affected by this market uncertainty. Spot silver remained relatively unchanged at $63.67 an ounce, while platinum fell by 0.3% to $1,770.47. On the other hand, palladium rose by 1% to $1,301.61 an ounce.