Gold Holds Near 5-Month Lows as Traders Gear Up for Fed Rate Hike

Gold prices inched higher in early dealings on Wednesday, but stayed near their lowest level in five months as investors awaited the conclusion of the Federal Reserve's meeting, at which it is widely expected to raise interest rates by a quarter point.
The Federal Reserve is widely expected to raise the fed funds target range by a quarter point at the conclusion of its two-day policy meeting at on Wednesday, which would put it in a range between 1.25%-1.50%. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774