Gold Inches Higher Ahead of Fed Meeting

Gold Inches Higher Ahead of Fed Meeting

Gold prices were edging higher up of the Federal Reserve's monetary-policy determination aboriginal this week.

"While a complaint chopped looks a done woody successful this week's Fed meeting, investors are fretting astir the Fed pausing its complaint cuts successful January," ANZ Research analysts said successful a note.

Still, increasing geopolitical tensions proceed to enactment safe-haven demand, with ETF holdings rising past week and speculators expanding their net-long positions.