Gold for June delivery at the COMEX division of the CME was gaining $6 to $1,473.40 an ounce. The gold price traded as high as $1,479.50 and as low as $1,460.50 an ounce, while the spot price was slipping $2.10, according to Kitco's gold index.
"Ahead of the Fed meeting I think everybody's going to stay somewhat neutral; I don't expect any major changes one way or another," said Tom Power, senior commodities broker at RJO Futures. "It's just relatively flat ahead of the announcement and ... everybody's just looking for direction."
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