Gold prices fell 0.3% to near $4,050 during Wednesday's Asian trading session as investors awaited the Federal Reserve's monetary policy announcement. The US Dollar strengthened, with the USD/CHF pair gaining for the fourth consecutive day to trade around 0.8300. This market caution is driven by anticipation surrounding the central bank's interest rate decision scheduled for later today.
The pair closed above the previous day's level as investors prepare for the Federal Open Market Committee's decision and press conference, while markets await Swiss retail sales data on October 30.
Read the full storyTransportation led the monthly increase, while core capital goods orders fell short of the Reuters poll forecast and shipments that feed into equipment investment rose.