Gold prices barely moved on Wednesday despite the decline in the U.S. dollar. Investors avoided making big moves before the Federal Reserve announced its interest rate decision.

Gold prices were steady despite the weakness of the U.S. dollar and Treasury yields. The greenback fell 0.1% against rival currencies while the 10-year benchmark yields slipped to near eight-week troughs.

Gold prices increased on Monday supported by a slight decline in the U.S. dollar. The greenback slipped 0.1% making the bullion less expensive for holders of rival currencies.

Gold prices fell today to a more than nine-month trough ahead of the release of U.S. inflation data for June.

Gold prices fell today as the U.S. dollar recovered. Bullion prices have fallen for four consecutive weeks and plunged near a nine-low month.

Gold prices bounced back on Wednesday as the dollar paused its surge to 20-year peaks. The bullion lost more than two percent on Tuesday as the greenback maintained its strength on recession fears.