![Prior to an expected Fed rate delay, gold prices were increasing](https://market-tracker.in/wp-content/uploads/2023/08/gold-news-jeweller.jpg)
Prior to an expected Fed rate delay, gold prices were increasing
As investors priced in a pause in interest rate increases by the Federal Reserve during its policy meeting this week, with a focus on the U.S. central bank’s rate outlook, gold prices nudged higher on Monday. The price of spot gold increased 0.2% to $1,928.19 per ounce. American gold futures increased 0.2% to $1,949.30. Ahead…