Gold Prices Firm As Dollar Dips Ahead Of Fed Rate Decision


Gold prices edged higher on Wednesday on a weaker dollar and as markets waited for the outcome of the U.S. Federal Reserve's policy meeting later in the day. 

 

Spot gold was up 0.2 % at $1,160.50 an ounce by 0323 GMT. The metal, which fell nearly 0.4% in the previous session, remained above a 10-month low of $1,151.34 an ounce touched on Monday. 

U.S. gold futures were 0.3-% higher at $1,162.40 per ounce. 

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The dollar index, which measures the greenback against a basket of currencies, was down 0.1 % at 101. 

                                Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, are down over 9 pct since November.

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