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Gold holds steady as traders await Fed decision; silver trades close to record peaksGold prices were little changed during Asian trading on Tuesday, with investors adopting a cautious stance ahead of this week’s Federal Reserve meeting, where another interest rate cut is widely expected.
6mon MSN
Gold prices in India remained stable on December 9, with MCX trading at ₹1,29,650 per 10 grams. Cautious trading prevails ahead of the Federal Reserve's interest-rate decision, with expectations of a 25-basis-point cut likely influencing market sentiment.
The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.
Bitcoin failed to build on recent gains on Monday, as investors awaited the Federal Reserve’s decision on interest rates.
Silver traded near an all-time high, after US payroll data reinforced bets that the Federal Reserve will cut interest rates in its final policy meeting of the year. Gold edged up.