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Gold Prices Hold Steady Ahead of Fed Rate Decision

Guavy AI Editorial Team
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USD
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Gold prices remained largely steady on Wednesday as investors awaited the U.S. Federal Reserve's policy decision for clues on inflation and interest rate outlooks.

The spot gold price was little changed at $4,029.08 per ounce by 0301 GMT, while U.S. gold futures for August delivery dipped 0.2% to $4,028.10.

The Federal Reserve's policy decision and comments from Fed Chairman Kevin Warsh are expected to provide key insights into the central bank's stance on inflation and interest rates.

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