Gold price remains broadly upbeat ahead of Fed policy, Israel’s plan of ground assault

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• Gold price looks for a direction as the focus shifts to Fed policy.
• A no-change interest rate decision from the Fed is widely expected but with the possibility of further rate hikes ahead.
• The Israeli defense forces gradually in Gaza to demolish Hamas.

Gold price (XAU/USD) struggles for direction as market participants eye the interest rate decision by the Federal Reserve (Fed) and further developments in the Israel-Palestine war. The near-term demand for the precious metal is bullish as Middle East tensions are seen escalating further. The Israeli military troops are gradually entering Gaza for the ground assault to root out Hamas.