Gold Makes a Small Pullback Before The Fed Meeting

“Gold declined before a Federal Open Market Committee meeting and as Greece prepares to receive a second bailout. Platinum rose above gold for a second day.

The best six months of job gains since 2006 have helped reduce the odds of a third round of asset purchases by the U.S. Federal Reserve, according to a Bloomberg News survey. Bullion had the biggest one-day decline since 2008 on Feb. 29 after Fed Chairman Ben S. Bernankegave no signal of a third round of quantitative easing, or QE3, sending the dollar higher. The dollar gained today against a six-currency basket including the euro and yen….”

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