Gold fell to the $3,300 per ounce mark on Wednesday, not far from the lowest in one month, as restrictive rates by the Federal Reserve and stronger dollar halted bullion rallies from earlier in the year. The Fed is expected to hold its rates unchanged later today and give hints on how the central bank balances risks on signs of a slowdown in hiring and aggregate investments against the persistent threat of inflation. The central bank has noted that it sees tariffs by the White House as likely to be pro-inflationary, especially as higher levies will be enforced starting on Friday. In the meantime, the latest data showed that the US GDP expanded by more than expected on the second quarter, although investment slowed and private consumption slowed since the start of the year. On the trade front, the US raised their tariffs on India and Brazil, and kept the door open for tweaks to trade deals with the EU and China. Markets continued to price two 25bps rate cuts this year.