Gold firms above key $1,800 level ahead of US Fed policy verdict

By Eileen Soreng (Reuters) - Gold prices firmed on Wednesday above the key psychological level of $1,800 on a weaker dollar, though gains were curbed by investor caution ahead of a Federal Reserve meeting that could offer clues on the U.S. central bank's policy tapering plans. Spot gold was up 0.4% at $1,806.00 per ounce, as of 0328 GMT.

U.S. gold futures rose 0.4% to $1,806.90. "Gold is benefiting from some risk-hedging buying by investors ahead of tonight's FOMC (Federal Open Market Committee) meeting outcome,".

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