Gold fell 0.5 percent to $1,469.46 an ounce by 0931 GMT.
U.S. gold futures for June delivery were down 0.2 percent to $1,469.50 an ounce. The dollar eased against a basket of main currencies as investors warily awaited the outcome of the U.S. Federal Reserve's policy meeting, while expectations the European Central Bank will cut interest rates on Thursday capped the euro.
Accommodative policy is generally seen as supportive for gold, because printing of money tends to be inflationary, but traders noted that inflation readings have been lower recently.
Gold is slightly move on down side and seems to touch level of 25500 very soon.
U.S. gold futures for June delivery were down 0.2 percent to $1,469.50 an ounce. The dollar eased against a basket of main currencies as investors warily awaited the outcome of the U.S. Federal Reserve's policy meeting, while expectations the European Central Bank will cut interest rates on Thursday capped the euro.
Accommodative policy is generally seen as supportive for gold, because printing of money tends to be inflationary, but traders noted that inflation readings have been lower recently.
Gold is slightly move on down side and seems to touch level of 25500 very soon.