Gold Rises Ahead of Federal Reserve Decision
Gold prices ticked upward on Wednesday as oil prices eased and markets awaited the upcoming Federal Reserve policy decision. Traders are largely pricing in a rate hike while monitoring geopolitical developments in the Middle East.
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Gold rose 0.8% to $4,326.83 per ounce on Wednesday morning as oil prices eased. Investors awaited the Federal Reserve policy decision, with a rate hike largely priced in. The move follows a touch of a more than one-month low earlier in the week.
