Gold Slips Under $4,000 Mark Ahead of Fed Verdict
Gold prices extended losses on Wednesday, trading near $4,003 as traders turned cautious before the Federal Reserve's policy announcement.
XAUUSD
Gold (XAU/USD) continued its recent slide on Wednesday, hovering around the $4,003 level. The decline reflects growing caution among investors awaiting the Federal Reserve’s latest monetary policy decision.
The precious metal has struggled to regain footing as market participants anticipate the Fed’s forward guidance, which could influence the dollar and rate expectations.
With the immediate focus on the central bank, gold’s short-term direction hinges on the tone of the announcement and any hints about future rate moves.
Source: FXStreet Forex News