Gold Softens as Investors Await FOMC Outcome

Reuters reported that gold pulled back on Tuesday while the dollar gathered steam, as investors watch and wait for the results of the FOMC meeting.

As quoted in the market report:

Gold is trading weaker on the fear that the FOMC may reduce the volume (of quantitative easing),” Peter Fertig, a consultant at Quantitative Commodity Research, said. “But if anything they will be scaling out gradually, there will not be an abrupt end to QE.

To view the whole Reuters report, click here.