By Reuters Staff
2 Min Read
July 27 (Reuters) - Gold prices were steady on Tuesday, pinned below the key $1,800 per-ounce level, as investors turned cautious ahead of this week’s U.S. Federal Reserve meeting outcome for clues on when the central bank might rein in its easy monetary policies.
FUNDAMENTALS
* U.S. gold futures fell 0.1% to $1,797.80 per ounce.
* The dollar index was steady and hovered just below recent peaks on Tuesday. The greenback has been rising broadly for more than a month as markets are wary of the Fed starting to taper its monetary support.
* Fed officials are likely to affirm after their two-day meeting that a strong U.S. recovery and their planning for an eventual policy shift both remain underway.