Gold futures pared gains and settled roughly flat on Wednesday as the dollar recovered lost ground and moved slightly higher ahead of the Federal Reserve's interest rate decision.
The Fed is widely expected to raise interest rates by another 75 basis points, the fourth such increase in a row, as it fights the worst inflation in four decades.
Investors are waiting for signs that the U.S. central bank is prepared to slow the pace of its rate hikes come December.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.