Gold futures nudged slightly higher Wednesday morning ahead of the Federal Reserve’s interest rate decision.
The central bank makes its policy announcement at 2 pm ET. There is no change to interest rates expected, but markets will pay close attention to forward guidance.
Before that, key inflation data is on tap, with the Labor Department set to release its consumer prices report for February. The consensus estimate calls for a 0.3 percent month-over-month drop in consumer prices but a 0.2 percent increase in core consumer prices.
Gold for April was up 2 dollars at $1233 an ounce, having fallen sharply from 13-month highs last week.
Published: 2016-03-16 12:09:00 UTC+00
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