Gold prices push down as Investors watch out for FOMC meeting

Gold could not pull back from its negative territory today as many investors preferred to wait watching out critically for what would e the result of the US Federal Open Market Committee’s (FOMC) two-day meeting beginning on Tuesday.

The spot gold price was of late quoted at $1,158.65/1,159.05 per oz, this is a drop of $4.20 from where it closed yesterday. Trade has been in a range of $1,165 to $1,158.25.05 so far.

In the other precious metals, the spot silver price was unchanged at $16.990/17.010 per oz. Platinum at $924/929 per oz had dropped by a margin of $5 and palladium at $723/729 per oz edged $3 higher.

Most recently, the U.S. dollar index was last down 0.06 percent at 100.970.