Gold holds steady before U.S. rate decision
Gold prices slightly recovered by 0.3%, reaching $4,041 in spot transactions after declining at the start of the session due to the dollar's stability and expectations for the Federal Reserve's monetary policy decision, which is widely anticipated to keep interest rates unchanged. The Fed’s meeting concludes today, Wednesday, with expectations of no change in interest rates. Meanwhile, the dollar remains near its highest level in a month, making dollar-denominated gold more expensive for investors. Other precious metals also saw gains, with silver rising by 1.7% to $58.1 per ounce, while platinum and palladium experienced small declines.
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