As the dollar strengthens ahead of the Fed decision, gold prices end at their lowest level in more than a week. Wednesday
Ahead of what is anticipated to be a Federal Reserve decision to hike interest rates on Wednesday, gold futures gave up early Monday gains to settle at their lowest in more than a week.

Precious metals dealers in the US also kept a watch on financial developments after hearing that JPMorgan Chase & Co. JPM, -1.43% won an auction to take over the troubled First Republic Bank's FRC business and deposits while much of Europe was enjoying the May Day holiday.

Price development for June delivery Gold futures GC00, -0.21% GCM23, -0.21% decreased by $6.90, or over 0.4%, to close at  ounce on Comex at $1,992.20 after reaching a high of $2,015.40. Since April 21, according to FactSet data, that was a most-active contract's lowest finish.
Silver futures for July delivery increased by a tenth of a penny to $25.23 per ounce SI00, -0.10% SIN23, -0.10%. The most active contract had prices that reached as high as $26.21.
Palladium futures for June PAM23, -0.68% delivery fell $63.10, or 4.2%, to $1,446.80 per ounce, while platinum futures for July PLN23, -0.83% delivery lost $25.40, or 2.3%, to $1,064.70 per ounce.
Copper for July delivery rose 4 cents, or 1.1%, to $3.93 per pound HGN23, -0.08%.
market forces
The majority of Europe is on vacation for May Day, and Comex speculators are pushing the [gold] price higher because London's bullion market is closed.