Gold prices cede some gains as traders await Fed meeting

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Gold prices cede some gains as traders await Fed meeting
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Gold is managing to hang on to most of its July gains ahead of Wednesday's critical Federal Reserve decision.

Gold prices were little changed on Tuesday after finishing Monday’s session at their lowest level in a week. But the yellow metal is managing to hang on to most of its July gains ahead of Wednesday’s critical Federal Reserve decision.

Although... Gold prices were little changed on Tuesday after finishing Monday’s session at their lowest level in a week. But the yellow metal is managing to hang on to most of its July gains ahead of Wednesday’s critical Federal Reserve decision. Although the Fed left rates on hold in June after delivering 10 consecutive interest-rate hikes, the central bank is widely expected to raise rates by another 25 basis points at this meeting.

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