Gold prices rose on Thursday, supported by a decline in the dollar and Treasury bond yields, amid increasing investor bets that the Federal Reserve may have reached the end of its cycle of raising interest rates after keeping them unchanged. By 0924 GMT, gold in spot transactions rose 0.3 percent …
Read More »Gold fails to hold recent gains ahead of FOMC decision
Near midday, ahead of the Federal Reserve’s meeting to set monetary policy, gold prices were marginally higher. Gold fell by 0.23% from the previous closing price, or $4.50.The Federal Reserve and Bank of England’s central bank meetings are the focus of the market, with most observers projecting that the FOMC …
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