Gold Rises Amid Anticipation of US Central Bank's Interest Rate Decision
Qiyas summary
Gold prices rose amid expectations that interest rates will remain unchanged.
Translated by Qiyas from السياسة — Original source
Gold prices rose slightly on Wednesday, following a nearly 1% gain in the previous session, as investors awaited the Federal Reserve’s decision on monetary policy later in the day, amid widespread expectations that the US central bank would keep interest rates unchanged.
Spot gold rose 0.1% to $4,061.86 per ounce by 00:36 GMT, after gaining more than 1% on Tuesday.
US December gold futures settled at $4,075.60.
Among other precious metals, spot silver rose 0.1% to $54.38 per ounce, platinum fell 0.2% to $1,537.58, and palladium gained 0.5% to $1,031.42.
