• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Spot Gold Falls to $1,346.29 an Ounce

    Investing News Network
    Oct. 29, 2013 04:24AM PST
    Precious Metals Investing

    Gold prices fell as the dollar improved and before the US Federal Reserve began its two-day meeting today.

    Gold prices fell as the dollar improved and before the US Federal Reserve began its two-day meeting today.

    The spot gold price declined $5.39 to $1,346.29 an ounce, Reuters reported. Spot gold hit its highest level since Sept. 20 yesterday, reaching $1,361.60 an ounce.

    Gold futures for December delivery were also down $1 to $1,351.20 an ounce on the COMEX, according to MarketWatch.

    The Federal Open Market Committee is expected to announce it will continue its stimulus program at the end of its meeting tomorrow. The Fed will likely wait to see more economic data before tapering the program.

    “While the U.S. economy is not currently in danger of slipping back into recession, neither is it accelerating,” said Russ Koesterich, global chief investment strategist at BlackRock, according to MarketWatch.

    gold investing
    The Conversation (0)

    Go Deeper

    AI Powered

    Gold Falls to $1,318.40 an Ounce as Dollar Steadies

    Gold Falls to $1,384 on US Ratings Upgrade

    Latest News

    80 Mile PLC Secures 3 Strategic MOUs with Fortune 500 Energy Group, Ludoil, and JEnergy and moves to 100% of Ferrandina Biofuels Plant

    TSX-V: TT Closes Acquisition of High Lake and West Hawk Lake from McFarlane Lake Mining and Closing of Final Tranche of Non-Brokered Private Placement

    Providence Gold Mines Inc. Acquires Additional Land Position at the La Dama de Oro Gold

    Pinnacle Receives Positive Results from Preliminary Metallurgical Tests at El Potrero with Average of 95.09% Gold Recovery

    1911 Gold Strengthens Operations Leadership with Appointment of Éric Vinet as COO and Additional Senior Site Personnel

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Investing Stocks

    Cartier Resources

    ECR:CC

    Rua Gold

    RUA:CC

    Pinnacle Silver and Gold

    PINN:CC

    JZR Gold

    JZR:CA

    Blue Jay Gold

    Providence Gold Mines

    PHD:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES