Gold futures closed with a slight loss Tuesday shortly before the Federal Reserve kept interest rates unchanged as expected and maintained its focus on inflation.
Gold for December delivery closed down $1 at $682.30 an ounce on the New York Mercantile Exchange.
After the close of regular gold trading on Nymex, the Federal Open Market Committee held its target for the key federal funds interest rate at 5.25% for the ninth straight meeting. The Fed repeated that the risk that inflation will fail to moderate is the "predominant policy concern."
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Gold Futures Eased a Bit
Gold futures closed with a slight loss Tuesday shortly before the Federal Reserve kept interest rates unchanged
