Gold steadies after its biggest weekly drop since June

Gold steadied after its biggest weekly drop since June.

Traders were weighing stubbornly high energy prices as they looked ahead to the Federal Reserve’s upcoming policy meeting.

Gold prices had fallen sharply over the previous week.

The Federal Reserve is the US central bank, and its policy decisions can affect financial markets.

The meeting is the next event traders are watching, though no decision is reported here.

The story does not say what the Fed will decide or how gold prices will move next.