Gold prices were flat Tuesday morning ahead of tomorrow’s crucial Federal Reserve annoucement.

A rate hike is unlikely, but analysts say a rate hike at the central bank’s next meeting in December is possible.

FOMC officials may lay the groundwork in tommorow’s statement.

U.S. gold for December was down 2 dollars at $1164 an ounce, having hovered there for the past week or so.

The material has been provided by InstaForex Company – www.instaforex.com