Gold Prices Fall Ahead of US Federal Reserve Meeting
Gold prices slipped by 0.3% in early Asian trading as investors awaited the US Federal Reserve's policy decision scheduled for October 27-28. Market focus is on interest rate signals and upcoming US Personal Consumption Expenditures data, a key inflation gauge. The Fed raised rates by 25 basis points in September and traders expect rates to hold next week, with a December hike likely. Bank of Japan noted inflation nearing 2% target amid strong AI demand.
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