Gold falls as dollar hovers near one-month peak; Fed meet in focus
GLD•Other precious metals also decline
Among other metals, spot silver XAG= dropped 2.2% to $57.10 per ounce, platinum XPT= dipped 1.4% to $1,599.26, and palladium XPD= fell 2.4% to $1,260.13.
Gold slips as dollar firms ahead of Fed decision
July 28 (Reuters) - Gold fell on Tuesday, weighed down by a firm dollar that hovered near a one-month high, while investors awaited this week's U.S. Federal Reserve interest rate decision and comments from Chair Kevin Warsh for signals on the policy outlook.
Spot gold XAU= fell 1.1% to $4,032.42 per ounce by 09:27 a.m. EDT (1327 GMT), while U.S. gold futures for August delivery GCcv1 slid 1.1% to $4,032.40.
The U.S. dollar steadied near a one-month high on Tuesday, making greenback-priced bullion expensive for buyers overseas.
