Gold spot price held at $4,711 per ounce while futures slipped to $4,725.94, reflecting a tight range amid market uncertainty.
Dollar drifted lower as investors awaited the Fed meeting, where rates are expected to stay unchanged, marking Powell’s last meeting.
Iran proposed reopening the Strait of Hormuz, sparking hopes for de‑escalation but keeping oil prices high and inflation concerns.
Kevin Warsh nominated to replace Powell, with confirmation likely after Senator Tillis withdrew opposition and DOJ ended probe.