Gold Slips, But Holds Ground Above $1,200 Ahead Of Fed Interest-rate Decision

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures settled modestly lower Tuesday, but held ground above $1,200 an ounce a day ahead of the Federal Reserve's decision on interest rates. Expectations that the central bank will announce a rate increase on Wednesday have climbed, providing support to the U.S. dollar and pressuring prices for gold. April gold fell 50 cents, or less than 0.1%, to settle at $1,202.60 an ounce.

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