Gold Rises As Dollar Retreats, Fed Meeting On Radar

Precious-Gold rose for the first time in five sessions on Tuesday as the dollar retreated after the release of weak U.S. home sales data, ahead of the Federal Reserve policy meeting starting later in the day. The yellow metal hit a high of $1167.07 an ounce, while it currently trading at $1166.09, where it opened at $1163.02. Data released on Monday showed U.S. home sales for September tumbled to its lowest level in nearly a year.

from Energy and Metal Commentaries http://ift.tt/1Lz3Fw6