Gold Price Faces Resistance as Market Awaits Fed Meeting Outcome
Gold (XAU/USD) remains almost flat as it hovers just above a one-week low. The precious metal faces challenges as market participants prepare for the outcome of the Federal Reserve’s last meeting for the year. Speculation about the Fed’s decisions has kept investors cautious. Gold has oscillated within tight ranges, signaling a potential crunch ahead. Analysts anticipate that the Fed’s policy will significantly affect gold prices. Those watching the market should brace for volatility as the meeting outcomes unfold today.
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