Gold prices recorded a limited rise today, Tuesday, amid investor caution, with anticipation of US inflation data and the Federal Reserve’s monetary policy decision Federal.
Spot gold rose 0.1% to $1,783.16 an ounce by 1011 GMT. US gold futures rose 0.1% to $1,793.90, according to Archyde.com.
The dollar index fell 0.1, making bullion priced in the greenback more attractive to buyers than holders of other currencies.
The Federal Reserve is due to issue a policy statement at 1900 GMT on Wednesday, followed by a press conference by Bank Chairman Jerome Powell at 1930 GMT.
Dealers are currently expecting, by a very large percentage, that the US Central Bank will raise interest rates by 50 basis points.
The Bank of England and the European Central Bank will also meet this week, and each is expected to raise interest rates by 50 basis points.
US CPI data for November is due at 1330 GMT.
As for other precious metals, spot silver rose 0.2% to $23.34 an ounce, platinum fell 0.3% to $998.51, while palladium rose 0.4% to $1894.75.
