Gold Steady Near $5,000 as Investors Weigh Fed Rate-Cut Path

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gold:Gold traded in a narrow range as investors weighed the Federal Reserve’s rate-cut path against inflationary risks from the war in the Middle East.Bullion was near $5,000 an ounce in early trading, having ended the previous session little changed. While the Fed is expected to keep interest rates unchanged at its policy meeting later Wednesday, investors will scrutinize the US central bank’s views on rising energy prices and a softer labor market. Oil held gains, with the conflict now in its third week.