The metal is slightly weaker as the dollar briefly halted its slide ahead of the Fed’s monetary policy decision
Bengaluru — Gold retreated on Wednesday as the dollar briefly halted its slide and investors booked profits after prices hit a record high in the last session, ahead of the US Federal Reserve’s monetary policy decision.
The dollar index was little changed at 93.683 , having touched its lowest level since June 2018 this week. The Fed will publish its interest rate decision at 6pm GMT, widely expected to keep rates unchanged, following which chair Jerome Powell is scheduled to hold a press conference.
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