Gold little changed as traders await Fed decision.
Gold prices were little changed in early Asian trading on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve’s interest rate-hike decision due later in the day.
FUNDAMENTALS
* Spot gold was almost flat at $1,927.42 per ounce, as of 0032 GMT. U.S. gold futures were down 0.2% at $1,941.90.
* The Fed’s policy decision is due at 1900 GMT, followed by a press conference from Chair Jerome Powell at 1930 GMT. The U.S. central bank is widely expected to scale back rate hikes to 25 basis points (bps) from 50 bps in December.
