Gold prices remained steady on Wednesday, as investors awaited the U.S. Federal Reserve's decision on interest rates due later in the day, while also focusing on U.S. President Donald Trump's trade policies following his tariff threats.

Gold prices remain near multi-month highs as traders await the Federal Reserve’s interest rate decision. Despite modest losses during the early European session on Wednesday, the price action remains strong in gold.

The Federal Reserve left interest rates unchanged on Wednesday, amid a cloudy economic outlook, partly because some of President Trump’s policies could stymie the fight against inflation. Wednesday’s pause comes after the central bank cut interest rates by a full percentage point between September and December of last year.