Gold steady near $5,000 as investors weigh Fed rate-cut path

emirates7 - Gold prices edged ​lower on Wednesday as investors remained cautious ahead of the US Federal Reserve's policy decision.

Spot gold edged down 0.4 percent to $4,984.29 per ounce as of 0442 GMT, while US gold futures for April delivery fell 0.4 percent to $4,987.30.

Meanwhile, spot silver fell 1.1 percent to $78.42 per ounce.

Spot platinum was down 1.2 percent at $2,098.20, and palladium lost 1.3 percent ​to $1,580.81.