Gold falls as dollar steadies awaiting Fed decision
Gold prices slightly declined on Wednesday, amid the US dollar remaining near its highest levels in a month, as investors await the Federal Reserve's decision on interest rates. It is expected that the Federal Reserve will keep interest rates unchanged, amid concerns over rising inflation and its impact on the gold market. This comes simultaneously with escalating tensions in the Middle East, particularly the US forces intercepting Iranian missiles. Additionally, Oman reviewed a Gulf cooperation plan for the Strait of Hormuz, which includes voluntary fees for its use. Other precious metals such as silver and platinum rose, while palladium fell.
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