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Gold falls ahead of rate decisions

Gold falls ahead of rate decisions

Gold prices slightly declined as the dollar remained stable and markets awaited the Federal Reserve's decision on monetary policy, which is expected to keep interest rates unchanged. The spot price of gold fell by 0.1% to $4,021.87 per ounce, while futures contracts for August delivery dropped by 0.4% to $4,021.70. The two-day Federal Reserve meeting is wrapping up, and it is expected that current interest rates will be maintained. Investors are also watching the Bank of England and the Bank of Japan for their upcoming interest rate decisions.

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