Gold stable before Fed meeting

Gold falls on expectations the U.S. to reduce stimulus

Gold price for sale cash climb about 1.5% to 1225.20 dollars an ounce

Gold stabilized on Tuesday after falling in the previous session , while investors worried that offers Federal Reserve ( the U.S. central bank ) to reduce new stimulus measures this week .

The improving economy encouraged the Fed to announce last month cut its purchases of bonds ten billion dollars and is expected widely that a similar reduction during the meeting starts on Tuesday and lasts two days.

And obtain a reduced stimulation of the lure of gold as a hedge against inflation and hurt prices, but any new weakness in the stock may enhance the precious metal .

By 0733 GMT, settled spot price of gold was little changed at 1257.04 dollars per ounce . Gold was closed down one percent on Monday after a sharp decline from the highest level in two months, to $ 1278.01 .

Silver rose 0.2 percent to 19.72 dollars an ounce .

Platinum rose 0.5 percent to U.S. $ 1414.25 and palladium 0.1 percent to 720.5 dollars per ounce

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