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Gold steady as investors weigh Mideast risks ahead of Fed decision
Gold prices held steady on Wednesday as investors stayed on the sidelines, assessing the economic impact of the Middle East conflict ahead of the U.S. Federal Reserve's policy decision. Spot gold edged up 0.1% at $5,008.58 per ounce as of 0629 GMT. U.S. gold futures for April delivery rose 0.1% to $5,012.60. Gold's trajectory "will largely depend on the Fed's forward-looking guidance ... Will the Fed still be looking for one interest rate cut (this year) or will they start to actually pencil in no cut at all due to this very fluid situation in the Middle East," said Kelvin Wong, a senior market analyst at OANDA. ... (full story)
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From thegoldforecast.com | Mar 17, 2026
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