Commodity Radar: Gold in consolidation phase. Here's how to trade ahead of Fed FOMC

Gold prices are currently consolidating after falling from record highs. This decline is due to developments related to US trade and monetary policy. Experts suggest a buy-on-dips strategy, anticipating a potential breakout. Traders should monitor US economic data, Federal Reserve decisions, and rupee movement. These factors will influence gold's direction in the near term. Support is seen near Rs 92,300.