Gold, Silver Under Pressure Ahead of Fed Decision Amid Stronger Dollar

Gold and silver futures were under pressure on Wednesday morning, opening with another gap down before stabilizing in the Asian session.

Despite trading near recent lows, volatility remains high as investors await the outcome of the US Federal Reserve policy meeting later today.

The stronger US dollar and expectations that the Federal Reserve will maintain a restrictive monetary policy have driven gold's weakness, with markets widely expecting interest rates to remain unchanged at the conclusion of its two-day meeting.

However, comments from Federal Reserve Chair Kevin Warsh will be closely watched for guidance on future policy changes.