Gold Holds Steady Ahead of Fed Decision

Gold prices remained largely unchanged on Tuesday after falling to a more than one-month low in the previous session, as investors awaited the U.S. Federal Reserve’s upcoming policy decision. Spot gold stood at $4,302.13 per ounce at 0510 GMT after touching its lowest level since August 7 on Monday.

U.S. gold futures slipped 0.2% to $4,341.70. The Federal Reserve is set to announce its policy decision on Wednesday after a two-day meeting, with markets widely expecting a 25-basis-point increase in the benchmark interest rate to a range of 3.75% to 4.00%.

Investors are closely watching the Fed’s decision for signals about the future direction of monetary policy and its potential impact on gold prices. Rising geopolitical tensions, including recent Houthi strikes on Saudi targets, are also adding to uncertainty in global markets.

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