27
January
Gold steady near $1,100/oz, Fed decision eyed
27 January 2010 MSN
Gold held steady near $1,100 an ounce on Wednesday, supported by consistent retail demand from Asia and views that a U.S. rate decision could halt the dollar's recent gains and add to the precious metal's allure.
The market is carefully watching for any influence on the dollar that could affect gold from the Federal Reserve's interest rate decision expected around 1915 GMT. President Barrack Obama's State of the Union speech is also due on Wednesday.
