Gold prices were moving lower on Wednesday while the dollar inched higher as investors braced for the U.S. Federal Reserve's interest-rate decision later in the day.
The downside, however, remained limited due to heightened uncertainty stemming from escalating tensions in the Middle East.
Spot gold slipped 0.3 percent to $4,991.63 an ounce while U.S. gold futures were down 0.2 percent at $4,996.09.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.