Gold prices under pressure ahead of Fed rate decision
GLD•Scheduled data releases
| DATA/EVENTS (GMT) | |
|---|---|
| 0500 | Japan Chain Store Sales YY August |
| 0600 | UK Core CPI YY August |
| 0600 | UK CPI YY August |
| 0600 | UK CPI Services MM, YY August |
| 1230 | US Import Prices YY August |
| 1230 | US Retail Sales MM August |
Other market factors and metals
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The dollar held firm against most major currencies and oil prices hovered above $100 a barrel. A stronger dollar makes greenback-priced gold more expensive for holders of other currencies, while elevated oil prices add to price pressures. USD/ O/R
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Saudi Arabia issued security alerts over a range of territory, including in the holy city of Mecca and second-largest city Jeddah, following a week of attacks from Iran-aligned fighters that have drawn it deeper into the Middle East war.
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Among other metals, spot silver XAG= steadied at $63.63 per ounce, platinum XPT= edged 0.1% lower to $1,771.85 while palladium XPD= rose nearly 1% to $1,300.75.
Gold slips ahead of Fed decision
Sept. 16 (Reuters) - Gold prices slipped for a third consecutive session on Wednesday as market participants braced for the U.S. Federal Reserve's policy decision due later in the day.
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Spot gold XAU= was down 0.3% at $4,279.89 per ounce, as of 0037 GMT. U.S. gold futures GCcv1 for December delivery were also down 0.3% at $4,320.30.
