Gold futures edged lower early Wednesday, remaining stuck in a range as investors await further clues on the Federal Reserve's interest rate path.
Gold for August delivery fell $3.20, or 0.2%, to $1,978.30 an ounce on Comex. July silver edged up 2.5 cents, or 0.1%, to $23.695 an ounce.
July platinum rose 0.5% to $1,044.40 an ounce, while September palladium fell 0.2% to $1,408.50 an ounce. July copper rose 0.4% to $3.782 a pound.
The Federal Reserve is expected to hold its policy interest rate steady when policy makers meet next week. Fed-funds futures traders have priced in just a 22.9% probability of a quarter percentage point rate rise on June 14, but see a 65% chance rates will have risen by a quarter or half a percentage point at its July 26 meeting.
Source: Marketwatch
