Gold Rises Amid Anticipation of Federal Reserve Decision

Gold prices edged up on Wednesday, bolstered by falling U.S. Treasury yields and a slight dip in the dollar. Investors are keenly awaiting the U.S. Federal Reserve’s statement later today for hints on future monetary policy directions.

Spot gold increased by 0.1 percent to $3329.27 per ounce around 0236 GMT. Meanwhile, U.S. gold futures also gained 0.1 percent, reaching $3326.90.

Among other precious metals, silver saw a minor dip of 0.1 percent, priced at $38.14 per ounce. Platinum experienced a drop of 0.6 percent, bringing its price to $1386.31. In contrast, palladium rose by 0.4 percent, reaching a price of $1262.99.