The XAU / USD pair is growing moderately during the trading session on Wednesday. Since the opening of the day, gold has added 0.3% and is trading at $ 1,736 per troy ounce.
The focus of traders' attention is the Fed meeting, the results of which will be summed up at 21:00 Moscow time. Considering that this event can have a significant impact on the US currency rate, traders prefer not to rush to open new positions. The main question, especially for gold, will be what the central bank's expectations are for interest rate hikes. Recall that the current yield on 10-year US government bonds is 60 basis points higher than at the time of the Fed's December meeting, which implies a rate hike in late 2022, although the central bank does not plan to tighten monetary policy until the end of 2023.