Evening Gold: Gold Falls Ahead FOMC

gold usd

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.