Gold rises ahead of US Fed

Published on Nov 02, 2022 17:31

Gold prices continue to edge up on dollar weakness overseas ahead of the crucial FOMC meet that is underway. The dollar index lingered near lower levels before a looming Federal Reserve rate decision that should also give clues on the future policy path. The dollar index that measures the greenback against a basket of six counterparts that includes the yen, euro and sterling - eased 0.17% to 111.17, but was still not far below Tuesday`s high of 111.78, the strongest level since Oct. 25. COMEX gold was up half a percent at $1658 an ounce.