Gold Price Zig Zags As Fed Preps Rate Call

March 21, 2018

New York (Mar 21)  Gold futures inched higher Wednesday morning ahead of the Federal Reserve's interest rate decision.

Gold was up USD3 at USD1321 an ounce, having seen little movement over the past few weeks.

Analysts expect the Fed to raise interest rates by a quarter point and signal two more rate hikes by year's end.

Federal Reserve President Jerome Powell will meet the press after the rate decision is announced.

Traders will be paying close attention for clues about monetary policy and the Fed's assessment of the economic situation.


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