Gold prices remained stable in Asian trading on Wednesday, as investors refrained from making major bets ahead of the U.S. Federal Reserve's upcoming monetary policy decision, while closely monitoring developments in the Israel-Iran conflict.
Spot gold held steady at $3,388.04 per ounce, with U.S. gold futures little changed at $3,406.50 per ounce.
With gold prices fluctuating amid rising geopolitical risks in the Middle East—and following weak U.S. data on retail sales, housing, and industrial production—expectations are growing that the Federal Reserve may cut interest rates later this year.
Source (Al Arabiya.net Website, Edited)