Gold edged up to $3,330/oz in European trading on Wednesday (July 30th), supported by falling US Treasury yields and a weakening US dollar.
The Fed is widely expected to hold interest rates, despite US President Donald Trump's continued calls for a rate cut. The market still expects a potential rate cut in September.
Meanwhile, investors await the Federal Reserve's policy statement, which will be released today, for guidance on the direction of future monetary policy.
Gold prices at the time of writing were at $3,330/oz.
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id (ayu)
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