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Gold retreats from one-month high ahead of Fed meeting

US gold futures fell 0.2% to $1,252

Reuters  |  Johannesburg 

Gold prices retreated from a one-month high on Tuesday as equities gained ahead of a US Federal Reserve meeting that is expected to provide more clues about monetary policy. The market is not expecting an interest rate increase at the Fed's two-day meeting starting on Tuesday but it is looking for hints on the timing and extent of future moves. Spot gold was 0.2 per cent lower at $1,252.59 an ounce by 1326 GMT, not far from the previous session's peak of $1,258.79, its highest since June 23. US gold futures fell 0.2 per cent to $1,252. "The market is looking ...

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First Published: Tue, July 25 2017. 21:43 IST