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July 27, 2021, 1:36 p.m. EDT

Gold prices end slightly higher, but remain below $1,800

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By Myra P. Saefong

Gold futures ended slightly higher on Tuesday, but prices remained below the key $1,800 mark for a second-straight session. The U.S. dollar traded with a "softer bias," with gold holding to a tight trading range, ahead of Wednesday's Federal Reserve announcement on monetary policy, said Chintan Karnani, director of research at Insignia Consultants. Gold may head even lower if the Fed indicates an early end to bond purchases in the fourth quarter, raises the economic outlook and maintains a transitory stance on inflation, he said. August gold rose 60 cents, or 0.03%, to settle at $1,799.80 an ounce.

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