Waiting for Federal Reserve Decisions

Global gold prices edged lower during early Asian trading today. A stronger American dollar pressured the precious metal significantly. Investors nervously await the upcoming Federal Reserve monetary policy meeting. Traders desperately seek new clues regarding future interest rate paths.

Tracking the Financial Drops

Gold fell 0.1 percent in spot trading today. The commodity reached a dismal $4,013.70 an ounce. United States gold futures for December delivery also suffered a drop. These American contracts fell 0.3 percent to hit $4,027.10.

Monitoring Other Precious Metals

Other precious metals experienced highly mixed financial results today. Silver rose 0.1 percent to hit $53.97 an ounce. Platinum held perfectly steady at exactly $1,527.81. Meanwhile, palladium suffered a brutal 0.7 percent drop to $1,042.43.

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