Gold prices fall as markets await the US Federal Reserve’s interest rate decision - صوت الإمارات

Washington, United States – Gold prices saw a notable decline on Tuesday, pressured by rising crude oil prices. This development heightened global concerns regarding inflation and reinforced strong expectations that the U.S. Federal Reserve would raise interest rates during its pivotal meeting. As of 11:05 Moscow time, COMEX gold futures for December delivery fell by 1% to reach $4,308.50 per ounce. Meanwhile, spot gold prices declined by 0.70%, settling at $4,269.70 per ounce, according to financial trading data. The US Federal Reserve is scheduled to announce its highly anticipated monetary policy decision on Wednesday at 18:00 GMT, concluding a two-day meeting.