Gold Ends Steady-Firm; Focus On FOMC Statement Wed. P.M.

Gold prices ended the U.S. day session steady to modestly higher Tuesday. Some technical selling pressure hit the futures market as the session progressed. However, the cash (spot) market remained firm as a weakening U.S. dollar index on this day worked in favor of the precious metals bulls. December Comex gold was last down $0.40 at $1,228.90 an ounce. Spot gold was last quoted up $3.60 at $1,229.25. December Comex silver last traded up $0.059 at $17.22 an ounce.

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