Gold rises ahead of Fed meeting’s end

Gold prices gained on Wednesday, as investors assessed the probability that the Federal Reserve will raise interest rates as early as June.

Gold for June delivery was recently up 0.4% to $1,248.30 a troy ounce on the Comex division of the New York Mercantile Exchange.

As the two-day Federal Open Market Committee meeting concludes Wednesday, investors will be looking for clues to the timing of the next rate increase from the central bank’s announcement at 2 p.m.