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Gold futures end higher ahead of Wednesday’s Fed policy decision

Clyde Edgerton by Clyde Edgerton
July 25, 2023
in Markets
Gold futures end higher ahead of Wednesday’s Fed policy decision
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Gold futures settled higher on Tuesday, a day ahead of the Federal Reserve’s policy announcement. “Gold is going to wander around for the next 24 hours as nothing else really matters except the Fed,” said Edward Moya, senior market analyst at OANDA. Gold for August delivery
GCQ23,
+0.19%
rose $1.50, or nearly 0.1%, to settle at $1,963.70 an ounce on Comex after losing 0.2% Monday to mark the lowest most-active contract finish since July 17, FactSet data show.



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