Gold futures on the COMEX division of the New York Mercantile Exchange fell for the third straight session Tuesday, as traders await the results of the Federal Reserve's two-day policy meeting.
The most active gold contract for December delivery fell 0.2 dollar, or 0.02 percent, to settle at 1,310.6 dollars per ounce.
The main market focus is the two-day Federal Open Market Committee (FOMC) meeting that will conclude Wednesday with a statement on monetary policy.
The Fed is seen as virtually certain to leave rates unchanged but is expected to announce the moves to slowly unwind the 4.5 trillion U.S. dollars balance sheet accumulated via the bond-buying program that ended in 2014.
As for other precious metals, silver for December delivery added 12.3 cents, or 0.72 percent to close at 17.279 dollars per ounce. Platinum for October fell 9.9 dollars, or 1.03 percent, to settle at 951.2 dollars per ounce.
The most active gold contract for December delivery fell 0.2 dollar, or 0.02 percent, to settle at 1,310.6 dollars per ounce.
The main market focus is the two-day Federal Open Market Committee (FOMC) meeting that will conclude Wednesday with a statement on monetary policy.
The Fed is seen as virtually certain to leave rates unchanged but is expected to announce the moves to slowly unwind the 4.5 trillion U.S. dollars balance sheet accumulated via the bond-buying program that ended in 2014.
As for other precious metals, silver for December delivery added 12.3 cents, or 0.72 percent to close at 17.279 dollars per ounce. Platinum for October fell 9.9 dollars, or 1.03 percent, to settle at 951.2 dollars per ounce.
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