{"id":46291,"date":"2013-07-30T14:29:00","date_gmt":"2013-07-30T14:29:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-slip-as-investors-eye-feds-policy-rate-statement-silver-prices-also-slip\/46285\/"},"modified":"2013-07-30T14:29:00","modified_gmt":"2013-07-30T14:29:00","slug":"gold-prices-slip-as-investors-eye-feds-policy-rate-statement-silver-prices-also-slip","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-prices-slip-as-investors-eye-feds-policy-rate-statement-silver-prices-also-slip\/46291\/","title":{"rendered":"Gold Prices Slip as Investors Eye Fed\u2019s Policy Rate Statement; Silver Prices Also Slip"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> fell on Tuesday as the U.S. dollar gained traction amid speculation that the <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a>, which is due to announce its policy rate statement on Wednesday, might herald a possible scaling down of the bond purchase program, prompting investors to avoid taking fresh bets on inflation-hedge assets. <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> prices also edged lower in trading on Tuesday.<\/p>\n<p><span id=\"more-46291\"><\/span><\/p>\n<p>At last check, gold futures for August delivery were edging down 0.38% to $1,324.60 an ounce while spot gold was down 0.18% to $1,324.54 an ounce. In late trading, the SPDR Gold Trust (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GLD\" target=\"_blank\" rel=\"noopener\">NYSE: GLD<\/a>) was down 0.27%.<\/p>\n<p>Silver futures fell 0.93% to $19.68 an ounce.<\/p>\n<p>A couple of reasonably solid economic data releases also supported the dollar. As commodities are dollar dominated in international markets, any strength in the U.S unit weighs on their demand.<\/p>\n<p>U.S. home prices rose to its highest level in May since 2006, according to the S&amp;P\/ Case-Shiller Index. The consumer confidence index slipped slightly to 80.3 in July from 82.1 in June but the reading was not too far from economists\u2019 forecast of 81.1.<\/p>\n<p>The Fed\u2019s two-day open market committee meeting (FOMC) will end on Wednesday after which the bank\u2019s Chairman, Ben Bernanke will take questions during a press conference. Although it is widely anticipated that Bernanke will offer a dovish forward-looking guidance (lower <a href=\"https:\/\/thestockmarketwatch.com\/markets\/bonds\/today.aspx\">interest rates<\/a> for a prolonged period), there is little uncertainty as to when the bank might start tapering its economic stimulating measures.<\/p>\n<p>Earlier in July, the Fed Chairman had said that the bank could start scaling down the asset purchases later this year; but, he also said that the bank will leave \u201call options open\u201d.<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-slip-as-investors-eye-feds-policy-rate-statement-silver-prices-also-slip\/46291\" data-title=\"Gold Prices Slip as Investors Eye Fed\u2019s Policy Rate Statement; Silver Prices Also Slip\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130801095916js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-on-a-mixed-note-post-gains-for-july\/46328\"><br \/>\nStocks End on a Mixed Note; Post Gains for July<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-plunge-as-rising-dollar-and-threat-of-feds-qe-tapering-weigh-on-sentiment-silver-prices-also-slip\/46325\"><br \/>\nGold Prices Plunge as Rising Dollar and Threat of Fed\u2019s QE Tapering Weigh on Sentiment; Silver Prices Also Slip<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/major-u-s-averages-at-record-high-levels\/46323\"><br \/>\nMajor U.S. Averages at Record High Levels<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-gains-after-gdp-and-job-data\/46321\"><br \/>\nForex Market Update: Dollar Index Gains After GDP, and Job Data<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-gain-in-early-trading-30\/46318\"><br \/>\nStocks Gain in Early Trading<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-slip-as-dollar-gains-after-gdp-data-silver-prices-flat\/46314\"><br \/>\nGold Prices Slip as Dollar Gains After GDP Data; Silver Prices Flat<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/futures-flat-ahead-of-gdp-data-and-feds-statement\/46305\"><br \/>\nFutures Flat Ahead of GDP Data and Fed\u2019s Statement<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130801095916im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell on Tuesday as the U.S. dollar gained traction amid speculation that the Federal Reserve, which is due [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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