Gold prices expected to trade higher today: By- Commoditypandit.com:

On the MCX, Gold prices rose by 0.63 percent to close at Rs.32547.0 per 10gms.

spot gold prices rose marginally by 0.02 percent to close at $1303.5 per tonne. Gold prices continue to trade over the $1300 mark as markets expect that the US Federal Reserve will keep interest rates unchanged during its two-day policy meeting which commences today. The FOMC will meet today and tomorrow in their first meeting of 2019 where Chairman Jerome Powell might take into consideration the slowdown in the global economic growth and pause the rate hike cycle for a while. On the MCX, Gold prices rose by 0.63 percent to close at Rs.32547.0 per 10gms.

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