Gold slips, oil climbs as Fed decision looms; sticky energy prices keep rate-cut bets in check

Gold prices fell while oil rose ahead of the Federal Reserve decision, as higher energy costs reinforce expectations that rates will stay elevated for longer. The move reflects market repricing of rate-cut odds, with commodities reacting to the inflation-growth trade-off. Uncertainty centers on the Fed's forward guidance and whether energy-driven inflation pressures force a hawkish hold.

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