Gold futures fell on Friday, with strength in the dollar helping to push prices for the metal down by 0.9% for the week. "Gold will continue to trade in a range of $1,200-$1,250 until the [Federal Open Market Committee] gives a better picture of [the] number of interest rate increases in 2019," said Jeff Wright, executive vice president of GoldMining Inc.
The Fed will issue its statement on monetary policy Wednesday. February gold fell $6, or 0.5%, to settle at $1,241.40 an ounce. That was the contract's lowest finish since Dec. 3, according to FactSet data.
Source : Marketwatch