Mumbai, Dec. 9 -- COMEX gold futures are holding cautious ahead of the U.S. Federal Reserve's two-day monetary policy meeting. The Federal Reserve's two-day Federal Open Market Committee meeting is set to begin tomorrow after which the team will announce their decision on interest rates. However, the precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday. Currently, the counter is quoting at $4223.80 an ounce, up 0.14% on the day. Meanwhile, uncertainty and escalating tensions is likely to boost traditional safe-haven gold price.
Published by HT Digital Content Services with permission from Capital Market....