Gold Prices Steady Ahead of Fed Decision, Middle East Risks Persist

Gold prices are little changed, with markets closely watching two key factors: the Federal Reserve's imminent policy decision and ongoing instability in the Middle East.

A weaker US dollar and lower Treasury yields have lent support to the precious metal, offsetting some of the uncertainty ahead of the Fed's announcement. Investors are assessing how the central bank's forward guidance might influence the dollar and rate expectations.

The combination of geopolitical risk and monetary policy anticipation has kept gold in a consolidation phase, with traders reluctant to push prices sharply in either direction until clearer signals emerge.