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Fed & yields

Gold Holds Steady Ahead of Fed’s Rate Decision and Powell’s Comments

Perth Mint Gold Scandal: Mint Regains Global Confidence
Perth Mint Gold Scandal: Mint Regains Global Confidence

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.

Eight more from the desk

Other dispatches from the bullion wire.