Gold prices steady ahead of Fed meeting
Gold prices were steady on Tuesday, with investors waiting
for the start later in the session of a two-day Federal Reserve meeting
where the U.S. central bank is widely expected to raise interest rates.
Gold trading range for the day is 28084-28504.Gold prices were little
changed as the prospect of imminent interest rate rises kept them near
the five-week lows touched last week.Fed policymakers on Tuesday gather
for a two-day meeting that is expected to end with the central bank
raising interest rates for the second time in three months.
FUNDAMENTALS
* Spot gold had edged down 0.1 percent to $1,202.36 per ounce by 0057 GMT.
* U.S. gold futures were down 0.1 percent at $1,202 per ounce.
* Holdings of the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.83 percent on Monday.
Gold trading range for the day is 28084-28504.Gold prices were little
changed as the prospect of imminent interest rate rises kept them near
the five-week lows touched last week.Fed policymakers on Tuesday gather
for a two-day meeting that is expected to end with the central bank
raising interest rates for the second time in three months.
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