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Gold gains over 1% as oil, yields slip ahead of Fed rate decision
Gold rose over 1% on Wednesday as oil prices and U.S. Treasury yields declined, while investors awaited the U.S. Federal Reserve’s interest-rate decision and remarks from Chair Kevin Warsh later in the day for clues on future monetary policy path. Spot gold was up 1.4% at $4,353.82 per ounce as of 09:25 a.m. EDT (1325 GMT) after touching a more than one-month low on Monday. U.S. gold futures for December delivery rose 1.4% to $4,395.10. “The market has pretty much priced in the possibility of a Fed rate hike this afternoon. We’ve seen oil prices drop this morning. If energy prices remain a lit...
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