Gold Flat Awaiting FOMC Meeting

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 Gold prices remained hovering around the same price as the market braced for key data releases and central bank policy meetings.


In the Asian session, the yellow metal traded little changed at $1,925 an ounce, not far from the 9-month high it hit last week at $1,949 an ounce.


The precious metal had earlier eased slightly amid increased appeal for the greenback at the start of trading earlier in the week.



The US dollar recorded moderate gains in the previous trading session, before slightly declining in the Asian session today.


Investors are now more cautious ahead of the Federal Reserve (Fed) policy meeting where, for now, expectations remain that the central bank will raise rates by 25 basis points.


At the same time, the market is also looking forward to the release of the US NFP employment data on Friday which will determine the health of the giant economy.


Before that, the ADP employment data will be released first on Wednesday, which will certainly be used as an indication by investors for the NFP report.

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