Gold ends lower, but holds above $1,300

SAN FRANCISCO (18/9) - MarketWatch -- Gold futures settled lower on Tuesday, down for a fifth session out of six but with prices holding their ground above $1,300 an ounce as the market waited for the Federal Reserve's decision Wednesday on monetary policy. December gold fell $8.40, or 0.6%, to settle at $1,309.40 an ounce on the Comex division of the New York Mercantile Exchange. Precious-metals traders have decided to remain largely on the sidelines ahead of the Fed decision, said Fawad Razaqzada, technical analyst at GFT Markets. The central bank is 'widely expected to reduce the pace of its asset purchases slightly but at the same time maintain its dovish tone.' http://www.marketwatch.com/story/gold-ends-lower-but-holds-above-1300-2013-09-17