Gold closes minus 6 dollars, investors delay before Fed meeting.

[Contratto]

New York Gold Market: Gold closes minus 6 dollars, investors delay before Fed meeting.

New York gold futures closed for a fifth consecutive day on Wednesday (27 Jan) as investors delayed trading before the results of the Federal Reserve's monetary policy meeting were closed. Trade before the Fed's resolution of the meeting, the dollar's strength is also a drag on gold futures.

COMEX (Commodity Exchange) gold contract for February delivery It was down $ 6, or 0.32 percent to $ 1,844.9 an ounce.

Silver metal contract for March delivery It was 14.9 cents, or 0.58 percent, to 25.389 dollars an ounce.

Platinum contract delivered in April. It was down $ 28.4, or 2.56 percent, to $ 1,079 an ounce.

Palladium contract delivered in March. It was down $ 14.50, or 0.6 percent, to $ 2,310.50 an ounce.

Gold contract fell after the dollar index. The dollar's movement index against the six major currencies in the basket rose 0.53 percent to 90.6500 last night.

The strength of the dollar makes the gold contract, which is priced in dollars. More expensive And less attractive to investors holding other currencies

Investors delay trading before the outcome of the Fed's monetary policy meeting. Shortly after the New York gold market closed for purchase The Federal Reserve's Monetary Policy Committee (FOMC) unanimously resolved to maintain short-term interest rates at 0.00-0.25% and announced that it would continue to buy bonds in line with the quantitative easing (QE) of a total amount of 1.2 billion. Dollar / month

[guller]

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