Gold regains $4000 mark as Fed decision looms

Gold futures rebounded above $4000 per ounce in Asian electronic trading on Wednesday, snapping a three-session decline ahead of the Federal Reserve?s rate decision. Markets expect a rate cut later today, with another likely in December, as traders await Fed Chair Jerome Powell?s comments for policy cues. Optimism over a potential US?China trade deal also influenced sentiment, as both leaders move closer to finalizing an agreement aimed at easing trade tensions. Despite recent corrections, gold remains up nearly 50% this year, supported by central bank buying and global uncertainties. On MCX, December bullion futures climbed 1.5% to ₹1604 per 10 grams, though still 10% below the record ₹132294 hit on October 17.

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