Gold Price Weakens on Caution Ahead of Fed Rate Decision

Published here: http://www.profitconfidential.com/gold/gold-price-weakens-on-caution-ahead-of-fed-rate-decision/

The gold price retreated for a third session today, with investors watchful ahead of the Federal Open Market Committee’s decision on interest rates that may provide clues on the pace of future U.S. interest rate hikes.

Gold futures for April delivery shed 1.1% to settle at $1,231 a troy ounce. That was the lowest settlement since March 1.

May silver fell 1.7% to $15.261 a troy ounce, expanding its one-month retreat.

The post Gold Price Weakens on Caution Ahead of Fed Rate Decision appeared first on Profit Confidential.