Ammon News - Gold prices held ​steady on Wednesday as investors stayed on the sidelines, assessing the economic ‌impact of the Middle East conflict ahead of the U.S. Federal Reserve's policy decision.

Spot gold edged up 0.1% at $5,008.58 per ounce as of 0629 GMT. U.S. gold futures for April delivery rose 0.1% to $5,012.60.

The Fed is widely ​expected to hold rates steady for a second consecutive meeting later in the day.

Meanwhile, central banks in the UK, the euro zone, Japan, Canada, Switzerland, and Sweden meet this week in their first decisions since ​the start of the Iran war.

Oil prices stayed above $100 a barrel, as Iranian attacks ​on the UAE deepened fears over the global supply outlook.

Spot silver rose 0.8% to $79.90 per ounce. Spot platinum was down 0.4% at $2,115.34, and palladium lost 0.2% to $1,598.31.

Reuters