Gold Dips on Federal Reserve Monetary Policy

Reuters reported that gold prices fell for a second day prior to announcement of the Federal Reserve monetary policy.

As quoted in the market news:

Spot gold was last down 0.7 percent on the day at $1,653.96 an ounce at 1520 GMT, while the most-active U.S. February gold futures contract was down 0.6 percent at $1,654.50 an ounce.

Click here to read the full Reuters report.