Gold extends its consolidative price move around the $5,000 psychological mark through the Asian session on Wednesday as traders await the crucial FOMC rate decision before placing fresh directional bets. Heading into the key central bank event risk, reduced bets for more Fed rate cuts, and a positive risk tone act as a headwind for the bullion. However, a weaker US Dollar and rising tensions in the Middle East limit losses for the safe-haven yellow metal.
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