Gold declines ahead of US Federal Reserve meeting

Gold prices fell today, Tuesday, as investors awaited key US inflation data and the results of the US Federal Reserve meeting to know details about the Council’s plans regarding interest rates.

By 03:17 GMT, gold in instant transactions fell 0.3% to $2,302.89 per ounce. US gold futures also fell 0.3% to $2,320.20, according to Reuters.

Investors are awaiting the consumer price index report for May scheduled for tomorrow, Wednesday, as well as the results of the Federal Reserve meeting.