Gold edges up as rate-hike fears ease; Fed rate decision in focus

Gold prices are climbing for the fifth consecutive session. Optimism surrounding a U. S.

-Iran peace deal is easing concerns about interest rate hikes. Investors are now awaiting details of the deal and the Federal Reserve's policy meeting. S.

Projections suggest U. short-term borrowing costs will remain unchanged throughout the year.

Reserve managers anticipate increasing their gold holdings.