Gold prices remain range-bound as investors await the Federal Reserve’s policy decision and remarks from Fed Chair Jerome Powell. Spot gold and US gold futures edge slightly higher. Traders are focused on the economic and interest rate projections from the US central bank. The dollar holds steady, affecting gold prices. Updates on SPDR Gold Trust holdings and Swiss gold exports. Details on silver, platinum, and palladium. Read more for full article.
Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting interest rates soon. Spot gold rose 0.7% to $2,173.49 per ounce.
