Gold prices are holding above psychological support at $1650/ounce Wednesday as the precious metals market, of course, joins all others in eyeing the United States Federal Reserve’s monetary policy decision later. The Fed is expected to raise borrowing costs by three quarters of one percent with inflation still uncomfortably high in the US, if under better control than elsewhere in the developed world. However, Fed Chair Jerome Powell is also heavily tipped to say that any future aggressive increases from here will be data dependent. The Dollar has duly lost a bit of gloss as market participants anticipate this ... (full story)