Gold Rises as Bond Yields Fall, with Eyes on the U.S. Federal Reserve’s Decision

Al-Taj News – Gold prices rose on Wednesday, recovering from their lowest levels in nearly a week, recorded earlier in the session, supported by a decline in U.S. Treasury yields as investors await the Federal Reserve (the U.S. central bank) meeting scheduled to be held next week.

Spot gold rose 0.3% to $4,137.94 per ounce, after recording its lowest levels since October 15 earlier in the trading session.

U.S. gold futures for December delivery rose 0.2% to $4,150 per ounce.