Gold rose on Wednesday amid renewed buying after the precious metal fell to its lowest level in three weeks during the previous session, as investors awaited the U.S. Federal Reserve’s decision on interest rates.
Spot gold increased by 0.7 percent to reach 3,977.49 dollars per ounce, after falling on Tuesday to its lowest level since October 7.
U.S. gold futures for December delivery rose by 0.2 percent, reaching 3,991.70 dollars per ounce. The U.S. central bank is widely expected to cut interest rates at the end of its meeting today.
