Gold was steady after three days of gains as investors awaited the Federal Reserve’s policy decision later Wednesday. Palladium traded near an all-time high after topping $1,600 an ounce for the first time on Tuesday.
Traders were also weighing the latest trade developments. Some U.S. negotiators are concerned that China is pushing back against American demands in trade talks, according to people familiar with the negotiations, even as President Donald Trump sounded optimistic about reaching a deal that could boost his re-election chances.
Spot gold -0.1% to $1,305.61/oz at 6:42am in London, after +0.8% in previous 3 days. Palladium +0.4% to $1,598.05/oz, after touching record $1,601.52 on Tuesday.
Other precious metals; Silver -0.2% , Platinum +0.6%.