Gold prices edge higher as markets await Fed cues

Gold prices rose by 0.3% to reach $1,945.60 per ounce, while US gold futures held steady at $1,960.10, following a 1% plunge in the previous session. It comes as investors look to approach the Federal Reserve policy meeting with some caution after the Bank of Canada raised rates to a 22-year high. The US economy remains strong as consumer spending drives it forward, but some areas are slowing down, according to US Treasury Secretary, Janet Yellen.

Gold prices edge higher as markets await Fed cues
Gold prices rose by 0.3% to reach $1,945.60 per ounce, while US gold futures held steady at $1,960.10, following a 1% plunge in the previous session. It comes as investors look to approach the Federal Reserve policy meeting with some caution after the Bank of Canada raised rates to a 22-year high. The US economy remains strong as consumer spending drives it forward, but some areas are slowing down, according to US Treasury Secretary, Janet Yellen.