Gold edges lower as markets await US Federal Reserve rate decision

Gold prices dipped slightly on Wednesday as the dollar remained stable and market participants awaited the US Federal Reserve's monetary policy decision for signals on inflation and the future path of interest rates.

Spot gold slipped 0.1 percent to $4,021.87 per ounce by 00:52 GMT. US gold futures for August delivery fell 0.4 percent to $4,021.70.

The Federal Reserve concludes its two-day policy meeting on Wednesday, with expectations that interest rates will remain unchanged.