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Gold retained most of its gains on Wednesday ahead of the latest Federal Reserve monetary policy meeting.
Gold retained most of its gains on Wednesday ahead of the latest Federal Reserve monetary policy meeting.
While spot gold fell $3.57, or 0.28 percent, to reach $1,288.29 an ounce, it was still trading 5.7 percent above its 50-day simple moving average, according to iNVEZZ.com. That came on the heels of a 0.9-percent increase on Tuesday, the metal’s largest growth since January 20.
Meanwhile, on the COMEX, gold futures for April delivery slipped $3.50, or 0.27 percent, to trade at $1,289.40 an ounce, Investing.com states.
