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Gold is falling as the market awaits the outcome of the US Federal Reserve meeting
Gold prices fell on Monday as investors turned cautious ahead of the US Federal Reserve's monetary policy meeting, which overshadowed some of the support the precious metal received from the dollar's decline.
And gold recorded in immediate transactions 1796.60 dollars an ounce in the late trading session, down 0.26%.
US gold futures fell 0.28% to $1,796.80.
The US Federal Reserve will start its two-day meeting on Tuesday.
Analysts said that if the Federal Reserve monetary policy maker's open market committee provides more details on easing monetary easing measures, gold may test its low levels recorded in June at 1750-1770 dollars.
The decline in gold came today despite the decline in the dollar and the decline in US Treasury yields benchmark.
Among other precious metals, silver rose slightly to $25.18 an ounce, while platinum rose 0.6% to $1,068.90, and palladium fell 0.2% to $2667.00.
