Popular News From Popular Sites: Gold down ahead of Fed meeting, Ukraine tensions cap losses

Tuesday, April 29, 2014

Gold down ahead of Fed meeting, Ukraine tensions cap losses

A police officer holds a small bullion coin version of the world's largest gold coin which is on promotional display in Munich By Clara Denina LONDON (Reuters) - Gold fell below $1,300 an ounce on Tuesday as the market focused on the U.S. Federal Reserve's policy meeting and expectations for strong U.S. data, though losses were limited by uncertainty over the situation in Ukraine. The Fed starts a two-day policy meeting later on Tuesday and is expected to reduce its monthly bond purchase programme for the fourth time in a row and to provide guidance on when it might raise interest rates. Spot gold fell 0.4 percent to $1,290.10 an ounce by 1019 GMT. U.S. gold futures for June delivery fell 0.7 percent to $1,290.60 an ounce.




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