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Gold rebounds from three-week lows ahead of Fed rate outlook

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold recovered from a three-week low as the dollar eased on profit-taking ahead of the U.S. Federal Reserve's meeting later on Wednesday, which could provide further clues on the pace of expected interest rate increases.With a rate rise of 25 basis points seen as a done deal, investors will be on the lookout for whether the Fed forecasts four increases in 2018, one more than previously forecast.Spot gold was up 0.8 percent at $1,321.85 an ounce at 1517 GMT, having dropped as low as $1,306.91 in the previous session.U.S. gold futures for April delivery rose ...

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First Published: Wed, March 21 2018. 21:34 IST