Caution hangs over gold prices hours before the decision of the “American Federal”

Gold prices stabilized today, Wednesday, with investors ’reluctance to risk before the decision of the Federal Reserve (the US Central Bank) on monetary policy later in the day.
Although investors retreated from the putting of large bets, gold prices have benefited from the decline in the returns of US Treasury and the slight decline in the dollar index.
The price of gold in instant transactions settled at 3,324.46 dollars an ounce by 06:04 GMT, while futures in the United States settled at $ 3,321.90.
In other preciousness, silver in instant transactions decreased 0.3% to $ 38.09 an ounce, platinum fell 0.9% to 1381.97 dollars, and palladium decreased 0.5 percent to 1252.75 dollars.
“If gold prices exceed 3350 dollars by the end of this week, in light of the upcoming US inflation data and employment reports, this may lead to the transformation of momentum again towards price increase, at least in the near term,” said Kelvin Wong, chief market analyst at Onda, Kelvin Wong.
Meanwhile, the US dollar index fell from the highest level in more than a month, while the revenues of standard treasury bonds settled for 10 years near the lowest level in a month.
It is widely expected that the US Federal Reserve will keep the interest rates fixed, despite US President Donald’s continuous call to reduce them.