Gold fell 15 an ounce in the spot market last week as investors held off on making big moves before this week's Federal Reserve meeting, even though expectations of a rate increase have diminished. Other fundamentals did not change much, and some profit-talking was evident. Holdings in global gold-backed funds also dropped 0.4% to 1,517.5 tonnes last week . rices also fell in response to a plan by India to tap privately held gold in a bid to reduce imports. The afternoon fixing on Friday in London was $1,101.25, compared with $1,118.25 a week earlier. Gold has now recorded three consecutive week of loss since
peaking at $1,167, a level many considered over bought, which is why we continue to see selling pressure. If the price moves below
$1,100, some investors might buy around $1,080 in hoes of talking