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Forex

Gold Prices Slump Ahead of Fed Rate Decision

Guavy AI Editorial Team
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USD
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Gold prices declined on Wednesday as investors awaited the Federal Reserve's decision on interest rates. The dollar held firm, contributing to the decline in gold.

The spot price of gold fell by 0.1% to $4,021.87 per ounce. US gold futures for August delivery also decreased by 0.4% to $4,021.70.

However, silver prices saw a minor increase of 0.1% to $57.20 per ounce. Platinum inched higher by 0.1% to $1,605.96, while palladium fell by 0.1% to $1,268.35.

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