Gold Sees Selling Pressure Tuesday As FOMC Statement Looms

(Kitco News) - Gold prices ended the U.S. day session solidly lower Tuesday, as a still-bearish technical posture allows the market to drift sideways to lower amid a lack of fresh, bullish fundamental news. February gold was last down $15.50 at $1,228.90 an ounce. Spot gold was last quoted down $10.70 at $1230.50. March Comex silver last traded down $0.246 at $19.855 an ounce.