Gold prices steady amid Fed watch

Gold prices remained stable around the pivot point of $2646 on Wednesday as investors are closely waiting the Federal Reserve’s upcoming monetary policy meeting results scheduled to be released later on Wednesday.

Spot gold prices increased at 7:00 AM GMT by 0.01 per cent to $2,646.52 per ounce, compared to the previous closing price of $2,646.66.

Meanwhile, US gold futures rose 0.02 per cent to $2,661.60, compared to Tuesday’s closing of $2,662.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama