(RTTNews) - The price of gold edged up Wednesday morning as the dollar was trading mixed ahead of the U.S. Federal Reserve's interest rate announcement.
Gold for June delivery, the most actively traded contract, moved up $5.10 to $1,508.60 an ounce. Yesterday, gold edge down to snap its 7-session winning streak ahead of a rate call from the U.S. Federal Reserve.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, were unchanged at 1,229.64 tons.
Meanwhile, the U.S. dollar continued to linger around its 15-month low versus the euro and sterling. The buck was leveling off from a record low versus the Swiss franc and trading higher against the yen.
Elsewhere, the prices of silver and platinum were ticking higher in morning deals.
In economic news, the Commerce Department is slated to release its durable goods orders for March at 8.30 a.m ET. Economists expect a rebound in orders, with commercial aircraft orders likely offering support.
The FOMC is scheduled to release its post-meeting policy statement at 12:30 p.m.ET. Central bank Chairman Ben Bernanke is due to hold a press briefing at 2:15 p.m. ET to explain the FOMC's latest quarterly economic projections.
