Gold Slips In Asia In Cautious Trade Ahead OF Fed Meeting Start

Gold prices slipped in Asia on Tuesday as the dollar edged up ahead of the start of a two-day FOMC meeting with rates seen steady, but views on inflation expected to have an impact on the market. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange fell 0.12% to $1,338.70 a troy ounce. The US dollar index rose 0.01% to 89.18.
Overnight, gold prices fell on Monday in the wake of a sharp move higher in the dollar amid investor expectations that solid economy growth and faster inflation would strengthen the Federal Reserve’s case for a more aggressive approach to monetary policy. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774