Epic Research Singapore : Commodity Market Update

Gold dipped ahead of Tuesday’s Federal Reserve policy meeting, losing ground for the third consecutive day as investors prepared for another batch of data that, brutal winter aside, should point to an improving U.S. economic climate.

Gold for June delivery GCM4 -0.17%  was off $1.30, or 0.1%, to $1,295 an ounce in electronic trade, while June silver SIM4 -0.58%  lost 4 cents, or 0.2%, to $19.47 an ounce. 
A day earlier, gold prices fell for a second straight session as equities were favored in the face of a consumer-confidence reading that touched its highest level since 2008.
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