Gold at Lowest Levels Since May 23

Bloomberg reported that gold is clinging to three-week low as investors await the conclusion of U.S. Federal Reserve meeting.

As quoted in the market report:

Gold for August delivery added 0.3 percent to $1,371.60 an ounce by 7:48 a.m. on the Comex in New York. Prices rose as much as 0.4 percent and fell as much as 0.2 percent today after reaching $1,360.20 yesterday, the lowest since May 23. Futures trading volume was 49 percent below the average in the past 100 days for this time of day, according to data compiled by Bloomberg. Gold for immediate delivery in London rose 0.4 percent to $1,372.70.

To view the whole Bloomberg report, click here.