Gold prices dip ahead of Fed meeting

Gold prices experienced a slight drop in early trading at 5:49 GMT on Wednesday as traders waited to see just by how much the Federal Reserve will cut interest rates.

Spot gold prices dipped by 0.08 per cent to $ 2,567.76 per ounce, compared to the previous day’s closing price of $ 2,569.58. While, US gold futures gained 0.05 per cent to $2,593.75, compared to the previous day’s closing of $2,592.4.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama