Reuters
Bengaluru
Gold fell slightly on Wednesday, after touching a near six-week high in the previous session, as the market awaited the U.S. Federal Reserve´s policy statement amid concerns about a potential British exit from the European Union.
Fed Chair Janet Yellen is scheduled to address the media after the conclusion of a two-day Federal Open Market Committee (FOMC) meeting later in the day.
The central bank is expected to keep interest rates on hold for at least another month, even as strong retail sales for May suggested that economic growth was gaining steam despite a sharp slowdown in job creation.
Spot gold was down 0.1 percent at $1,284.40 an ounce as of 0343 GMT, after touching its highest level since May 6 at $1,289.80 in the previous session. U.S. gold edged down 0.1 percent to $1,287.30.
Sheikh argued that the government should have maintained stable petroleum prices
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