Gold prices were stable on Wednesday:aven demand, while focus shifted to the Federal Reserve's meeting conclusion due later in the day. Gold steadied at $2,765.35 per ounce with US gold futures rising by 0.2% to $2,772.10.
According to Qatar News Agency, bullion experienced a drop of over 1% on Monday, which was its steepest decline since December 18. Despite this, spot silver saw a slight increase of 0.1% to $30.43 per ounce. Meanwhile, palladium and platinum experienced declines, with palladium dropping 0.3% to $952, and platinum falling 0.2% to $940.10.
Investors remained cautious as they awaited the Federal Reserve's decision on interest rates, which could have significant implications for the market. The anticipation surrounding the Fed's meeting was a key factor in the steadiness observed in the gold market.