Gold futures settled on Tuesday at their lowest level since early November, as investors awaited the outcome of the two-day Federal Open Market Committee meeting for cues on the metal’s next direction.The FOMC meeting concludes Wednesday with a policy statement and news conference.
Gold for April delivery GCJ5, +0.16% declined by $5, or 0.4%, to settle at $1,148.20 an ounce on Comex after settling higher for a third straight session on Monday. That was the lowest settlement for a most-active contract since Nov. 6.
Silver for the same month SIK5, -0.24% shed 3.9 cents, or 0.3%, to $15.578 an ounce.
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