Gold Price Consolidates as Investors Await Fed Policy - PATIENCE

Gold price (XAU/USD) is exhibiting a range-bound performance above the 1,980.00 level during the Tokyo session. The precious metal is grappling to establish a clear direction as investors are eagerly anticipating the announcement of the Federal Reserve's (Fed) monetary policy and other crucial economic data from the United States.

Over the past week, gold price has been consolidating within a narrow range of 1,974 to 2,010. The market is presently in a state of uncertainty, and traders are advised to exercise patience as the scenario is not yet clear.