Gold steady amid anticipation of US Central Bank’s monetary policy decision

Gold prices stabilized today, Wednesday, as traders prepared for an important monetary policy decision from the Federal Reserve (the US central bank) and comments from its Chairman Jerome Powell later today, which may shed more light on expectations of lowering interest rates this year.

Gold settled in spot transactions at $2,156.78 per ounce by (06:33) GMT, while US gold futures settled at $2,159.80.

Silver prices in spot transactions fell by 0.1% to $24.88 per ounce, while platinum fell 0.5% to $889.85, and palladium fell 0.3% to $988.24.