Gold futures end lower, but hold ground near $1,100

Gold futures finished with a slight loss on Tuesday as investors awaited the conclusion of the U.S. Federal Reserve’s two-day monetary policy meeting for any clues as to when the central bank will lift interest rates.

The gold market also saw some pressure following a report that showed second-quarter demand hit its lowest level in six years.

August gold GCQ5, +0.00%  fell 20 cents to settle at $1,096.20 an ounce on Comex after closing Monday with a 1% gain.

On Monday, the yellow metal benefited from haven appetite, which helped it rebound off five-year lows, following fear-driven trading in the wake of an 8.5% plunge in the Shanghai Composite Index SHCOMP, -0.21% early Monday.

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