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Metals Stocks: Gold prices bounce back after October loss as Fed conclusion awaits

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Gold futures on Tuesday snapped back from a tough October, while the dollar dipped, as the Federal Reserve was set to settle in for a two-day meeting.

That meeting, while not expected to produce an interest-rate hike, could shed light on the chances for such a move by the end of the year, a potentially gold-negative development.

Gold futures for December delivery on Comex GCZ6, +0.97% traded up $9.60, or 0.8%, to $1,282.70 an ounce. A close at this level would mark the highest for the contract since Oct. 3. The yellow metal booked a 3% drop for October.

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