Gold Barely Budges Ahead Of Fed Rate Call

Gold futures rose for sixth day Wednesday, but only barely, ahead of the Federal Reserve’s interest rate decision.

August gold was up 20 cents to settle at $1,288.30/oz.

Traders will be on their toes at this afternoon, as the Fed decision at 2 pm ET is followed by a press conference from Chair Janet Yellen.

The outlook on future interest rates is murky after mixed U.S. economic data in recent weeks.

The material has been provided by InstaForex Company – www.instaforex.com