BusinessPhoto: HT WorldGold Prices Near $4,000 Awaiting Fed Rate Decision Amid Inflation
Gold prices remained close to $4,000 an ounce as investors awaited the US Federal Reserve's interest rate decision expected to keep rates unchanged. The metal gained 0.5% in the previous session but faced pressure from inflation concerns and high energy prices. Oil prices fell amid eased US-Iran conflict fears, while AI stock selloffs also influenced gold trading dynamics.
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