Gold trades cautiously as markets brace for Fed interest rate call

"The gold market is currently on edge ahead of the Fed's interest rate decision. A potential rate hike could diminish gold's appeal as yields rise, prompting investors to maintain a cautious stance. With gold prices consolidating at recent levels and short-term volatility expected, traders must watch for any signals that could influence the next move. The market could react significantly post-Fed announcement, likely leading to sharp buy and sell activity. Therefore, traders should assess their positions carefully and enhance risk management as necessary."