Gold price anchored at $1,800

The gold market remain anchored around $1,800 an ounce following stronger than expected labor market data as fewer American workers applied for initial unemployment benefits last week.

Gold price holds 2-month high ahead of Fed announcement

Gold prices retreated but still held near a two-month high on Wednesday, as investors await the outcome of a US Federal Reserve meeting that may offer more clues on the outlook for monetary policy tightening.