Gold Holds Steady Ahead of U.S. Rate Decision
Gold prices are stable near $4,288.48 per ounce, as investors await the U.S. Federal Reserve's decision on interest rate hikes, which is expected to be part of its monetary policy to combat inflation. The spot price of gold declined slightly by 0.1%, along with a decrease in futures contracts, while other precious metals experienced mixed fluctuations. This comes amid anticipation of the direction of U.S. monetary policy and its potential impact on the gold market.
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