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Gold rises ahead of the US Federal Reserve's monetary policy decision

Gold rises ahead of the US Federal Reserve's monetary policy decision

Gold prices rose slightly on Wednesday, after climbing about 1% in the previous session, as investors await the Federal Reserve's monetary policy decision later today, amid widespread expectations that the US central bank will keep interest rates unchanged.

Spot gold rose 0.1% to $2061.86 per ounce by 00:36 GMT, after rising more than 1% on Tuesday.

US gold futures for December delivery stabilized at $2075.60.

Markets are awaiting the Federal Reserve's monetary policy decision scheduled for 18:00 GMT, along with personal consumption expenditures data tomorrow, Thursday, which is a key indicator closely watched by the central bank as it seeks to achieve a 2% inflation rate.

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