Gold prices hold steady ahead of Fed decision

Gold prices stabilised near the pivot point of the month on Tuesday ahead of the Federal Reserve policy meeting, with investors eagerly anticipating the US central bank’s guidance on interest rates for 2025.

Spot gold prices rose at 7:16 GMT by 0.07 per cent to $2,654.53 per ounce, compared to the previous closing price of $2,652.73.

Meanwhile, US gold futures dropped 0.05 per cent to $2,671.44, compared to Monday’s closing of $2,670.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama