Gold (XAU/USD) trades on the back foot on Wednesday, hovering near one-month lows ahead of the Federal Reserve’s (Fed) monetary policy announcement due later in the American session at 18:00 GMT.
Gold (XAU/USD) trades on the back foot on Wednesday, hovering near one-month lows ahead of the Federal Reserve’s (Fed) monetary policy announcement due later in the American session at 18:00 GMT. At the time of writing, XAU/USD is trading around $4,523, down nearly 4% so far this week.