Gold is down $17 to $1338.
Gold has fallen on FOMC day during 2 of the past 3 decisions. Even on the day where prices finished higher (Jan 29), nearly all the gain came before the FOMC decision. Prices were choppy in the two hours after the decision and then plunged $30 the following day.
Gold daily with FOMC days highlighted
Any hints the Fed could taper at a faster pace in the future would be fresh reasons to sell gold.
