Gold Prices Drop Ahead of U.S. Federal Reserve Meeting

Gold Prices Drop Ahead of U.S. Federal Reserve Meeting

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Gold prices fell today, Thursday, as investors took profits and adopted a cautious stance ahead of next week’s meeting of the U.S. Federal Reserve, while awaiting important economic data for indications on the trajectory of U.S. interest rates.

Spot gold decreased by 0.2 percent to $4,196.96 per ounce, while U.S. gold futures for December delivery also fell by 0.2 percent, reaching $4,225.90 per ounce.

In other precious metals, silver dropped by 0.4 percent to $58.26, platinum fell by 0.9 percent to $1,656.15, and palladium declined by 1.3 percent to $1,441.75.

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