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المشهد العربي
Gold drops ahead of Fed decision
Gold prices declined during Wednesday's trading as markets awaited the U.S. Federal Reserve's decision on monetary policy. Expectations are that there is a 68% chance of interest rates remaining steady and a 32% chance of a 25 basis point hike. The spot gold price rose by 0.15% to approximately $4,035 per ounce, while gold futures declined by 0.15%, influenced by the slight dip in the dollar's performance. The Fed's decision and its impact on the markets are anticipated, with expectations that the approach will be less aggressive towards easing monetary policy.
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