Mumbai : Gold prices held steady on Tuesday as investors awaited the outcome of the U.S. Federal Reserve’s policy meeting, while optimism about progress in U.S.-China trade relations limited demand for the precious metal as a safe haven.

Spot gold edged up by 0.2 percent to around 3,957 dollars per ounce, while U.S. gold futures slipped slightly to 3,971 dollars. Analysts said the market is anticipating a small interest rate cut of 0.25 percent by the Federal Reserve, which could support gold in the coming sessions by lowering the opportunity cost of holding non-yielding assets.

Despite this, traders showed caution as positive signals emerged from talks between Washington and Beijing, reducing the immediate appeal of gold as a refuge from uncertainty. Stronger risk appetite in the equi

See Full Page