Gold holds steady with spotlight on Fed meeting decision

Three 1kg gold bullion bars worth over 155,00 GBP lay on the counter in a gold dealers in Birmingham’s jewelry quarter on December 13, 2023 in Birmingham, England. Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve. 

Christopher Furlong | Getty Images

Gold prices held steady on Friday as investors’ attention shifted to the U.S. Federal Reserve’s policy meeting due next week for more insights into the interest rate outlook.

Spot gold was down 0.1% at $2,017.9482. U.S. gold futures were little changed at $2,018.1.

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