MCX GOLD TIPS | Gold trading flat as investors await Fed

MCX GOLD TIPS | Gold prices were trading on a flat note on Tuesday with investors largely on the sidelines ahead of this week's Federal Reserve meeting widely expected to hike interest rates. At the MCX, Gold futures for February 2016 contract is trading at Rs 25,350 per 10 gram, down by 0.01 per cent after opening at Rs 25,333, against the previous closing price of Rs 25,347. It touched the intra-day high of Rs 25,375. (At 12:35 PM). Investors have had ample time to price in a rate hike after a host of major policymakers, including Fed chair Janet Yellen, began to send strong signals last month that the US central bank could raise short-term interest rates for the first time in nearly a decade.