Gold prices dip as investors await US Federal Reserve rate decision
Gold prices edged lower as investors adopted a cautious stance ahead of the widely anticipated US Federal Reserve interest rate decision.
Key Takeaways
AIGold prices saw a slight decline on Tuesday as market participants remained cautious ahead of the US Federal Reserve’s monetary policy decision, which is widely expected to result in an interest rate hike.
Spot gold slipped 0.1% to $4288.48 per ounce as of 01:43 GMT, after hitting its lowest level in over a month on Monday.
US gold futures for December delivery also fell 0.1%, settling at $4328.10.
Among other precious metals, spot silver held steady at $63.67 per ounce, platinum dropped 0.3% to $1770.47, while palladium rose 1% to $1301.61.