Gold held steady just above $3,330 per ounce ahead of the Federal Reserve’s interest rate decision.
While the Fed is expected to keep rates unchanged, traders are watching closely for any hints from Chair Jerome Powell about possible rate cuts later this year.
Lower rates tend to support gold prices. Despite ongoing trade tensions and geopolitical risks fueling gold’s rise this year, recent progress in U.S.-China talks has not boosted market optimism much.
Original Source: Bloomberg
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Silver to $39.50: Up 9.4% Past 30 Days
