Gold prices hardly budged on Tuesday as the Federal Reserve gathered in Washington to discuss raising interest rates.
The FOMC rate decision comes tomorrow afternoon.
Few expect the Fed will hike rates this month, but policy makers may signal a willingness to tighten in December of the economy is in good shape.
Dec. gold settled at $1,165.80/oz on Comex, down 40 cents, having seen little movement over the past few weeks.
The Commerce Department released a report today showing a continued decrease in durable goods orders last month.
Durable goods orders slid by 1.2 percent in September following a revised 3.0 percent decrease in August.
The material has been provided by InstaForex Company – www.instaforex.com