Gold ends lower in short-term, ‘casino’-like trading

Gold futures settled with a modest loss on Tuesday, the day before a key interest-rate decision from the Federal Reserve that may help determine the outlook for the precious metal.

Anticipation ahead of the decision has contributed to what one analyst referred to as a “casino”-like tone to the market.

February gold GCG6, +0.25%  shed $1.80, or 0.2%, to settle at $1,061.60 an ounce on Comex, ending at its lowest level since Dec. 3. It traded between a low of $1,057.40 and a high of $1,067.90 during the session.

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