Gold prices were little changed on Wednesday. Market players waiting for the verdict on American interest rates. Prices were trading at record highs last week but fell by more than 1% on Monday

Spot gold held steady at $2,762.49 per ounce at 3:17am GMT. American gold futures added 0.1% to $2,769.90. According to Kyle Rodda, a financial market analyst at Capital.com, “Gold is being offered because of the desire to protect against deficits, debt, and de-dollarization.” Gold generally acts as a safe haven in good time and in the event of a trade war. However, rising interest rates could reduce its appeal, as it does not earn any interest.

Among other metals, spot silver held steady at $30.38 per ounce, platinum held steady at $941, and palladium fell by 0.8% to $947.27.