Gold prices stabilized on Wednesday near a one-week high, as investors closely monitor further details regarding the U.S.-Iran agreement, alongside the Federal Reserve's (U.S. central bank) monetary policy decision in what marks Kevin Warsh's first meeting as the Fed Chair.
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According to Bloomberg News, spot gold held steady at $4,331.29 per ounce, while U.S. gold futures for August delivery edged down 0.1% to reach $4,351.40 per ounce.
Meanwhile, oil prices rose slightly at the start of today's trading, recovering some of the losses recorded in the previous session.
Brent crude futures climbed 47 cents to reach $79.43 a barrel, while U.S. West Texas Intermediate (WTI) crude increased by 48 cents to reach $76.53 a barrel.
The dollar index dipped slightly today to 99.53, giving up some of the gains it had previously achieved.
The Federal Reserve is widely expected to keep interest rates unchanged.
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