Precious Metals Wobble Ahead of Fed Rate Decision

Gold and silver futures settled lower in cautious trading on Tuesday, ahead of the Federal Reserve's interest-rate decision. The widely expected quarter-point rate increase to the 3.75%-4.0% range has investors signaling further tightening. The SPDR Gold Shares ETF (GLD) was among those affected, with prices ticking down.

The market is anticipating a modest rate hike, but the impact on precious metals remains uncertain. Despite their decline, gold and silver futures remain volatile ahead of the Fed's decision, which could have far-reaching consequences for the markets.