Gold prices fell again in early Asian trading on Tuesday as investors awaited the US Federal Reserve's upcoming interest rate decision and key inflation data. Spot gold fell 0.3% to $4,126.84 an ounce at 7:02am Bangladesh time on Tuesday (October 20). US gold futures for December delivery also declined 0.3% to $4,146 an ounce. Investors are focusing on the Federal Reserve's monetary policy meeting scheduled for October 27–28. They are also awaiting the US personal consumption expenditures (PCE) price index, due next week. The index is a key measure of inflation and plays an important role in the Fed's policy decisions. The central bank has an inflation target of 2%.
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