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Gold muted as investors brace for Fed rate decision

Gold prices were subdued on Wednesday as market participants hunkered down ahead of the US Federal Reserve’s policy decision, where a rate hike is widely expected. Spot gold was down 0.1% at $4,288.48 per ounce, as of 0143 GMT, after scaling a more than one-month low on Monday.

HK stocks slip as US rate increase looms large

Stocks were mixed at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the US Federal Reserve's policy decision due later in the day. In Hong Kong, the benchmark Hang Seng Index opened up 122 points, or 0.5 percent, at 24,789 before falling into loss territory to be 36…

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