Gold Drops Ahead of Federal Reserve Meeting

CNBC News reported that gold prices fell as investors waited for the results of a US Federal Reserve policy meeting.

As quoted in the market news:

Spot gold was down 0.4 percent at $1,622.18 by 1:49 p.m. EDT (1749 GMT). Prior to Tuesday, the metal had gained around 3 percent during its seven-day winning streak.

Click here to read the full CNBC News report.