Gold rises as dollar weakens ahead of Fed decision



Gold prices edged higher on Wednesday, helped by a softer dollar as slowing U.S. inflation cemented bets that the Federal Reserve would keep interest rates unchanged later in the day.


Spot gold rose 0.3% to $1,948.49 per ounce by 0500 GMT. U.S. gold futures edged 0.2% higher to $1,961.70.


The U.S. dollar eased, making greenback-priced bullion more appealing to overseas buyers. [USD/]


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