Economy / Markets
Gold eases back from record as traders await Fed verdict
Gold slipped from recent record highs on Tuesday as traders squared positions ahead of Wednesday's Federal Reserve decision, with spot XAU/USD quoted near $4,283 an ounce against a backdrop of elevated US 10-year real yields. Market commentary points to persistent central bank buying and structurally tight positioning as supportive factors, while a hotter-than-expected rate signal from the Fed could re-test recent lows in the short term.