US Fed Meeting Live Updates: Jerome Powell in focus as Federal Reserve seen holding rates steady
US Fed Meeting Live Updates: Gold slips as oil prices fuel inflation fears ahead of Fed rate decision
Gold prices slipped on Wednesday, as rising oil prices fuelled concerns of persistent inflation and markets waited to hear from U.S. Federal Reserve Chair Jerome Powell as they assessed the future path of interest rates.
Spot gold was down 0.6% at $4,567.56 per ounce at 1058 GMT, after falling to its lowest level since April 2 in the previous session. U.S. gold futures for June delivery fell 0.6% to $4,580.80