Gold Remains Stable Amid Caution Before US Central Bank Decision

Gold prices stabilized on Wednesday as cautious investors awaited the Federal Reserve's decision on interest rates during its meeting next week. However, a decline in the dollar provided support for the yellow metal. There was little change in spot gold prices, standing at $1,963.83 per ounce by 00:27 GMT, while US gold futures showed a lackluster performance, reaching $1,980.20. The dollar index dipped slightly, making gold cheaper for holders of other currencies. In other precious metals, silver increased by 0.1% to $23.6131 per ounce, platinum rose by 0.3% to $1,034.55, and palladium climbed by 0.4% to $1,419.07.