Gold prices held steady above the key $2,000 level on Wednesday, while investors turned their attention to the U.S. Federal Reserve's interest rate decision due later in the day.
The Fed's rate decision will be announced at 1800 GMT. Investors mostly expect the U.S. central bank to raise interest rates by 25 basis points, but are looking for clues on its next steps.
Bullion is known as a hedge against inflation and economic turbulence, but higher rates tend to dent zero-yielding asset's appeal.dropped in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labor market. package or make a counter-offer, while a top Democrat said the Senate might try to advance a "clean" debt-ceiling hike next week.
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