Gold price falls in anticipation of US Federal Reserve report

The price of gold fell on Wednesday ahead of the publication of the US Federal Reserve System (FRS) review, Report informs.

The price of February gold futures on the New York Comex Exchange decreased by 0.21%, or $3.55, to $1,768.85 per troy ounce.

Negative dynamics continue on the precious metal market on Wednesday, while investors are waiting for the publication of the US Federal Reserve meeting results.

Analysts expect the FRS to complete its bond-buying program and raise interest rates quickly.