Bengaluru — Gold traded within a range on Wednesday after hitting the lowest in nearly five months in the previous session, with investors in a holding pattern ahead of the outcome of a two-day meeting of the US Federal Reserve. Spot gold was steady at $1,243.78 an ounce at 4.27am GMT, after marking its lowest since July 20 at $1,235.92 in the previous session. US gold futures were up 0.3% at $1,245.60. US stock futures, Treasury yields and the dollar fell on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter US Senate race in Alabama, dealing a political blow to Trump in a race marked by accusations of sexual misconduct against Moore. The Jones victory could be bullish for gold and bearish for the dollar, a Hong Kong-based trader said, adding that the recent dollar strength could yield some profit taking, in turn helping gold. "It’s (gold is) just consolidating here at the moment until the Federal Open Market Committee statement is out. We’re expecting a rate hi...
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