Gold submitted while investors focus on the Fed's verdict



* Stock markets slide for new trade concerns

* Fed expects to reduce rates by 25 basis points

* The dollar stays near the peak of two months

* Returns of GRAPHIC-2019 assets: http://tmsnrt.rs/2jvdmXl (Add comments, details, update prices)

By Brijesh Patel

July 31 (Reuters) - Gold prices fell on Wednesday as the dollar held firm, while investors waited for the outcome of the Federal Reserve meeting later in the day, when those in charge of Formulate policies reduce interest rates.

Cash gold fell 0.2% to $ 1,427.92 per ounce as of 0417 GMT.

US gold futures UU. They fell 0.1% to $ 1,440.50 an ounce.

Most people stay on the sidelines due to the Fed meeting. If the Fed cuts rates, gold may drop a bit, since a 25 basis point cut is already priced, said Brian Lan, managing director from the dealer. GoldSilver Central in Singapore.

We are also analyzing whether there will be more rate cuts. In the long term, we remain optimistic about gold, but in the short term we could see some correction before it continues to rise. Lan added.

The Fed's fund rate futures now have a total price at a rate cut of 25 basis points on Wednesday and another reduction of 25 basis points for September.

Markets will be attentive to guidance on whether the expected movement of the Federal Open Market Committee is a single cut or the beginning of a rate reduction cycle.

By consolidating expectations of Fed rate cuts, spending and US consumer prices. UU. They rose moderately in June, which points to slower economic growth and benign inflation.

Meanwhile, the president of the United States, Donald Trump, reiterated his call to the Federal Reserve to reduce interest rates, saying he was disappointed with the central bank of the United States and had put him at a disadvantage by not acting before.

Gold will seek direction in the tone of the Fed chief's rhetoric. More moderate could lead to a weaker dollar and a higher price for gold, said Alfonso Esparza, OANDA senior market analyst, in a note.

Meanwhile, the dollar index remained relatively unchanged against a basket of major currencies on Wednesday after reaching a maximum of two months in the previous session.

In the financial markets, new trade concerns after Trump's threats to Beijing sent Asian shares a minimum of six weeks on Wednesday. {MKTS/GLOB]

Trump warned China not to wait for his presidency before finalizing a trade agreement, and said that if he wins re-election in November 2020, the result may not be a tougher agreement.

Among other precious metals, silver fell 0.6% to $ 16.48 per ounce.

Platinum jumped 1.2% to $ 875.95 an ounce and palladium increased 0.7% to $ 1,525.52. (Brijesh Patel report in Bangalore; Richard Pullin edition) This story has not been edited by The Times of India and is automatically generated from a syndicated feed to which we subscribe.

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