Gold Is ‘Treading Water’ as Investors Await Fed Meeting
- Officials could project interest-rate liftoff in 2023: survey
- ‘Gold is treading water’ ahead of the meeting, Saxo Bank says
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Gold steadied near a four-week low as investors awaited the conclusion of the Federal Reserve’s two-day meeting for clues on monetary policy.
Markets are watching to see whether the Fed will start discussions about scaling back unprecedented support for the economy -- though analysts say actual steps in that direction are likely still months off. Higher interest rates curb the appeal of the non-interest-bearing metal.