Gold prices rose slightly on Wednesday. Attention is turning to the upcoming monetary policy decision by the Federal Reserve, with the US central bank expected to implement a third rate cut this year and provide guidance on its plans

American gold futures remained stable at $2,663.20. Spot gold rose 0.1% to $2,648.43 per ounce at 0237 GMT. Gold with no yield tends to do well in a low interest rate environment. According to the CME FedWatch tool, markets consider that there is a 97.1% chance that rates will be cut by a quarter of a point, but have only incorporated about a 16.3% chance that another

As for other metals, spot silver was down 0.2% to $30.46 per ounce, platinum lost 0.1% to $937.72, while palladium gained 0.3% to $937.04 per ounce.