TODAY GOLD NEWS
Gold prices were unchanged on Wednesday in Asia as traders await the conclusion of the Federal Reserve’s two-day meeting.While markets do not anticipate any changes to be made to interest rates when the Fed’s decision is announced Wednesday, expectations are high that the U.S. central bank will open the door to rate cuts later this year.Gold generally benefits from lower interest rates that reduce the opportunity cost of holding the non-yielding bullion.
C/W 9720395000
www.commoditybazaar.co