Gold futures tumbled to their lowest in two weeks, as markets prepared for the Federal Reserve’s interest rate announcement.
On Wednesday, the Fed will decide whether to raise rates or stand pat for a second meeting in a row.
Analysts say there is a small chance the Fed will tighten in response to a strong jobs report and resilient stocks.
April gold settled at $1,245.10/oz, down $14.30, or 1.1%. Gold touched a yearly high near $1280 earlier this month.
The material has been provided by InstaForex Company – www.instaforex.com