Gold steady amid Fed decision anticipation, EUR/USD and USD/JPY in focus

Gold prices remained stable at $2,745 per ounce as markets await the Federal Reserve's upcoming policy decision and ongoing trade negotiations. EUR/USD showed mild strength, trading at 1.0825 with a 0.15% gain, supported by expectations of a dovish Fed stance. USD/JPY retreated 0.2% to 153.20 as safe-haven demand for the yen increased amid trade uncertainty. The US Dollar Index futures declined 0.1% to 104.50, reflecting cautious sentiment ahead of key risk events. Traders are closely monitoring Fed commentary for hints about the pace of future rate cuts, particularly given mixed economic signals. Technical analysis shows gold facing resistance at $2,760 while finding support at $2,730. The combination of monetary policy uncertainty and geopolitical tensions suggests continued volatility across major forex pairs and precious metals in the near term.