Gold holds near $4,010 ahead of expected Fed hold

Bloomberg ·
Gold holds near $4,010 ahead of expected Fed hold
  • Bullion traded near $4,010 an ounce and held above $4,000 as traders prepared for this week's Federal Reserve decision.
  • The Fed is expected to keep interest rates steady at this week's decision, per the article.
  • Gold had added 0.5% in the previous session.
  • Oil fell for a second day as new diplomatic efforts raised hopes that a US-Iran escalation might be averted.
  • Stocks were set to rise as enthusiasm for artificial intelligence revived following a selloff last week.