Gold little changed ahead of Fed meeting

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Key Points

(Reuters) Gold prices were little changed on Monday ahead of the U.S. Federal Reserves policy decision and a series of other central bank meetings this week...

Gold traders are set to remain highly sensitive to what Fed Chair Jerome Powell might say about the Federal Open Market Committees (FOMC) thinking surrounding a potential June rate cut, Han Tan, chief market analyst at Exinity Group, said...

Traders mostly expect the U.S. central bank to hold interest rates unchanged at the end of a two-day policy meeting on Wednesday, and are pricing in a 59% chance of a rate cut in June...

Bullion hit a record high of $2,194.99 on March 8, but fell 1% last week after data showed U.S. consumer prices increased solidly in February and producer prices rose more than expected...

Spot gold may fall into a range of $2,126-$2,131 per ounce as suggested by its wave pattern and a bearish pennant, according to Reuters technical analyst Wang Tao..

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