Pandit Ji Live Update’s On Gold; Gold slips as share markets gain ahead of Fed meeting:

Spot gold was down 0.2 percent at $1,299.13 per ounce by 0443 GMT. US gold futures fell 0.3 percent to $1,299 an ounce.

Gold prices slipped on March 18, as gains in the equity markets dented the appeal of the precious metal ahead of a US Federal Reserve policy meeting this week.

Spot gold was down 0.2 percent at $1,299.13 per ounce by 0443 GMT. US gold futures fell 0.3 percent to $1,299 an ounce.

The US Fed will begin its meeting on interest rates on March 19, which ends with a news conference on March 20.

“This could be an important meeting. We’ve seen the Fed taking a much more dovish stance at the beginning of this year and particularly given the run of stronger numbers we have seen,” said Michael McCarthy, chief market strategist, CMC Markets.

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