Gold prices were stuck in a tight range as investors refrained from making big bets ahead of the U.S. Federal Reserve’s policy decision and remarks from Fed Chair Jerome Powell. Spot gold was up 0.1% at $2,159.50 per ounce, and U.S. gold futures edged 0.1% higher to $2,162.60. The focus is on the Federal Open Market Committee’s policy statement and Powell’s press conference. Traders are awaiting the economic and interest rate projections from the U.S. central bank. Last week’s consumer prices and producer price index figures affected hopes of early Fed rate cuts. Traders currently price in a 61% chance of a rate cut in June. A stronger dollar makes gold more expensive for other currency holders. SPDR Gold Trust reported a rise in holdings. Swiss gold exports fell in February. Spot silver gained, platinum fell, and palladium rose.