Gold prices increased on Tuesday as the dollar stabilized against a basket of major currencies, with attention focused on the Federal Reserve’s policy meeting.
The Federal Reserve began its two-day policy meeting today, with expectations to keep interest rates unchanged.
Fed Chair Jerome Powell is anticipated to hold a press conference, potentially offering insights into the future direction of US policies.
Investors are also awaiting critical US inflation data later this week.
Meanwhile, the dollar index rose 0.1% to 105.1 as of 20:30 GMT, reaching a session high of 105.4 and a low of 105.1.
Gold spot prices climbed 0.2%, or $4.20, to $2330 an ounce as of 20:22 GMT.
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