Gold dips as markets wait for direction from the Federal Reserve
Precious metal may gain support if Fed chair Jerome Powell sounds dovish
27 January 2021 - 08:07
Bengaluru — Gold prices edged lower on Wednesday, weighed down by a firmer dollar, as markets awaited the US Federal Reserve’s monetary policy decision and developments around a stimulus package in the world’s largest economy.
Spot gold dipped 0.2% to $1,846.42/oz by 0349 GMT. US gold futures eased 0.3% to $1,845.30...
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