Gold prices ease as market focus turns to US Fed meeting

📆 21/03/2023 13.40.00
📰 Reuters

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Gold prices edged down on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank could pause raising its interest rates given the upheaval among banks.

* Spot gold was down 0.1% at $1,977.69 per ounce, as of 0044 GMT. U.S. gold futures also fell 0.1% to $1,981.30.

rival Credit Suisse on Sunday for $3.23 billion and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities.

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