Mubasher: Gold prices rose on Wednesday a few hours before the U.S. Federal Reserve decides on the interest rates.
Meanwhile, investors are anticipating the decision of the U.S. Federal Reserve on interest rates, which will be announced today, amid expectations that the world’s biggest economy will raise interest rate for the first time in ten years.
At 2:45 GMT, spot gold rose by 1.1% to $0.73.7 per ounce on London Metal Exchange.
