Gold prices fall amid concerns about the results of the “Federal”

Gold futures prices declined in trading on Wednesday, with anticipation of the results of the US Central Bank (Fed) meeting.

In order to determine the direction of monetary policy during the coming period and the odds of reducing the asset purchase program.

At the hour (9:40 GMT), the prices of the yellow metal fell in spot transactions by $6.02, or by 0.34 percent, to trade at $1,781.74 an ounce.

And gold futures contracts for December delivery recorded a decline of 0.40 percent, or $7.10, at $1782.3 an ounce.

Meanwhile, the dollar index fell against six other major currencies by 0.10 percent at 93.99.

Markets are awaiting the US Federal Reserve’s meeting on Wednesday evening to determine the direction of monetary policy.

With a particular interest in when to start reducing asset purchases of $120 billion per month.