Metals Stocks: Gold ticks higher as traders await Fed meeting

by | May 2, 2023 | Stock Market

Gold prices traded slightly higher early Tuesday but remained within their recent tight trading range around $2,000 an ounce as the yellow metal entered what one analyst called “a period of consolidation” ahead of Wednesday’s Federal Reserve policy decision. Price action Market drivers After a handful of major central banks held policy meetings over the past week, all eyes are now on the Federal Reserve as traders await the outcome of Wednesday’s policy decision, statement and press conference. “Gold…

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