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Gold falls as investors await Federal Reserve meeting
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Economy News _ Baghdad
Gold fell on Wednesday, as investors awaited the US Federal Reserve's meeting.
Spot gold was little changed at $1,916.86 an ounce by 0425 GMT, after touching its lowest level since March 1 at $1,906 on Tuesday. US gold futures fell 0.4 percent to $1,919.50.
US Treasury yields rose to their highest in more than two and a half years on Tuesday, ahead of the Federal Reserve's expected announcement on Wednesday of its first interest rate hike in three years.
Gold is highly sensitive to rising US interest rates, which increases the opportunity cost of holding unprofitable bullion.
Spot silver rose 0.4% to $24.77 an ounce, while platinum rose 0.9% to $994.66.
[You must be registered and logged in to see this link.]Gold falls as investors await Federal Reserve meeting
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