Gold prices fall below $1,800

Gold prices fell on Tuesday, below $1,800, as investors await the start of the Federal Open Market Committee's meeting later today, July 27.

The holdings of the SPDR Gold Trust, the world's largest gold-backed trading fund, fell 0.2% to 1,025.64 tons on July 26, its lowest level since May 13.

This comes with investors being cautious ahead of the start of the US Federal Reserve meeting - which ends tomorrow, July 28 - in search of clues about when the central bank may curb its easy monetary policies.

Spot gold settled at $1,794.94 per ounce, while gold futures contracts for December delivery fell 0.32%, or $5.7, to reach $1,797.7 per ounce, by 09:55am Makkah time.

Elsewhere, silver futures for September delivery fell 0.3% to reach $25.25 per ounce, platinum decreased 0.8% to reach $1,060.39 per ounce, and palladium declined 0.42% to $2,650.15 per ounce.