Gold prices steadied at around $950 per ounce on Wednesday, propped up by light short covering
ahead of the U.S. Federal Reserve’s policy statement at the end of a two-day meeting due later in the day.

Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, stated:

I think they’re squaring positions. That’s all. The Fed’s decision is tonight.

For full story, click here