Gold prices edged up on Wednesday after gaining around 1% in the previous session, as investors awaited the Federal Reserve’s monetary policy decision later in the day. The U.S. central bank is widely expected to leave interest rates unchanged.
According to Bloomberg, spot gold rose 0.1% to $4,061.86 per ounce, following a gain of more than 1% on Tuesday.
Among other precious metals, spot silver increased 0.1% to $54.38 per ounce, while platinum fell 0.2% to $1,537.58. Palladium, meanwhile, gained 0.5% to $1,031.42 per ounce.
