Gold prices fall amid anticipation of the results of the US Federal meeting

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Gold prices fell on Wednesday, amid anticipation of the results of the monetary policy meeting of the US Federal Reserve.

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Which is expected to accelerate the pace of reducing bond purchases and announce a program to raise interest rates amid high inflation.

And at (7:55 GMT), the yellow metal fell in spot trading by $3.26, or 0.18 percent, to trade at $1,767.59 an ounce.

And the prices of gold futures contracts for February delivery fell 0.25%, or the equivalent of $ 4.4, to the level of $ 1767.90 an ounce.

Meanwhile, the dollar index fell against six other major currencies by 0.08 percent at 96.45.

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Today, markets are awaiting the results of the Federal Reserve’s meeting, amid expectations that it will announce a faster reduction in bond purchases, and determine ways to deal with record inflation rises.