Gold Retreats as Markets Await Federal Reserve Decision on Interest Rates

Gold prices fell slightly on Wednesday as the dollar remained stable and market participants awaited the Federal Reserve’s monetary policy decision, seeking signals on inflation and the trajectory of U.S. interest rates.

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

It is widely expected that both the Bank of England and the Bank of Japan will also hold interest rates steady on Thursday and Friday, respectively, while warning of rising inflation.