Gold dips near $4000 ahead of Fed rate decision
Briefing by News4U · First published
Gold fell as much as 0.8% to near $4000 an ounce as traders awaited the Fed's Wednesday rate decision.
Gold fell as much as 0.8% to near $4000 an ounce as traders awaited the Fed's Wednesday rate decision, Sina Finance reported. [1]
Markets widely expect the Fed to leave rates unchanged, but traders have priced in possible hikes by year-end. The Fed's preferred inflation gauge, the PCE price index, is due Thursday. [1]
Physical buying from Chinese households provided support, while Indian buyers paused festive purchases, expecting further declines. [1]
Sources
- 金价回落至4000美元附近 市场聚焦美联储利率决议
Sina Finance · · Full text