Gold Lower As Funds Liquidate

Gold is lower as funds liquidate positions in front of the U.S. Fed meeting on Thursday. Leonard Kaplan of Prospector Asset Management says some volatility is being run out of the market as smaller funds have exited. "The big funds have no one to take the other side of their trades...so it's not as volatile as it had been," notes Kaplan. He adds that despite most knowing the outcome of the Fed meeting, no one wants to trade ahead of the meeting in case of any surprises.

To All our traders, We Suggest you to trade on Thu/Fri and Next week, would be good chance to trade.