Mubasher: Gold prices saw sideways movements on Wednesday, ahead of the U.S. Federal Reserve meeting scheduled for late today to look into the monetary policy and interest rate decision.
Oil was also flat as it moved within a range of $3, signally blurry outlook for investors ahead of the Fed interest rate decision.
Meanwhile, the U.S. dollar was relatively stable, as it declined marginally by 0.04% to 99.02 against a basket of currencies.
At 12:08 GMT, gold prices retreated by 0.23% or $2.60 to $1,117.50 per ounce. Silver fell by 1.13% to $14.395 per ounce, while platinum lost 0.35% to $871.49 per ounce.
