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* China cuts lending benchmarks for first time in 10 months * Platinum on track for third straight session of losses June 20 (Reuters) - Gold edged up on Tuesday as th...
* FOMC decision due at 1800 GMT * Dollar hovers near three-week lows June 14 (Reuters) - Gold prices edged higher on Wednesday on expectations of a interest rate pause...
* Fed interest rate decision due at 2 p.m. EDT (1800 GMT) * Dollar hovers near multi-week lows * Pla June 14 (Reuters) - Gold gained on We...
Gold prices rose by 0.3% to $1,948.59 per ounce, while U.S. gold futures gained 0.1% to $1,961.20 on Wednesday, supported by anticipation of a pause in interest rates at the Federal Reserve's policy meeting. The outlook that the central bank is close to the peak of rate hikes and a weaker dollar continued to boost the appeal of bullion and make it more attractive to international investors. Although inflation remains double Federal Reserve's 2% target, markets were optimistic of a 95% chance of a pause in June and a 61% chance of a rate hike in July, according to CME's Fedwatch tool.
Spot gold was 0.2% higher at $1,961.77 per ounce by 1155 GMT