On Monday, the U.S. day session ended modestly lower on Comex gold futures prices. The market place is serious to begin the trading week as a much-anticipated U.S. Federal Reserve meeting begins on Tuesday. Spot gold was last quoted down $8.00 at $1,384.00. Comex August gold last traded down $4.90 at $1,382.80 an ounce.
There was a Group of Eight (G8) meeting of the world’s major industrialized countries arranged in Ireland Monday. The meeting produced no major, market-moving news.
The London previous P.M. fixing was of $1,391.25, and the new P.M. gold fixing is $1,384.75.