On the Comex division of the New York Mercantile Exchange, gold fell June delivery, the lowest price of $ 1,200.60 per ounce before trading at $ 1,202.70 per ounce during European morning trade, down by 7.30 or the equivalent of 0.6%.
On Wednesday, gold fell 3.90 cents, or the equivalent of 0.32%, to close at $ 1,210.00 per ounce, its highest price in three weeks of $ 1,214.60 per ounce on Tuesday.
Gold is likely to find support at $ 1,177.60 per ounce, its lowest price since April 27 and resistance at 1,214.60 highest price since April 28.
Also in COMEX silver delivery in July fell 18.9 cents, or the equivalent of 1.13%, to trade at $ 16.51 an ounce, the previous day in the silver rose to $ 16.72 per ounce, a level not reached him favorites April 8 since before end trading at $ 16.70 per ounce higher by 7.2 cents, or the equivalent of 0.43%.
In its monthly policy statement, the Fed said Alvedara he would take into account labor market conditions, inflationary pressures and expectations of the international financial developments when deciding the timing of a rate hike.
The Bank also remove all references all or phrases that lead the potential to raise interest rates from his statement, which added to uncertainty over the timing of rate hikes from the Fed.
The statement came after data showed on Wednesday that the US economy grew by only 0.2% in the three months to March / March neighborhood decline of 2.2% in the fourth quarter of 2014. This was the slowest growth rate in a year.
During the later of the day, investors looked forward to the release of weekly data on initial jobless claims and that in search for other indicators on the strength of the economy.
And reduced US economic data disappointing optimism about the recovery, prompting speculation that the Fed may Aakhrrf interest rates for a long time until late 2015, instead of a mid-year monetary stimulus.
And settled US dollar index, which measures the strength of the dollar against a basket of six major currencies at 95.34 in early Thursday ,, after hitting its lowest level by 94.75 on Wednesday, the lowest level since February 26.
Elsewhere in the metals trade, copper delivery in July fell 0.4 cents, or the equivalent of 0.13%, to trade at $ 2,795 a pound, and less Otraja after touching its highest level in the $ 2,805 a pound, the highest level meeting him Since April 20.
Copper remained supported amid speculation that the decision-makers in China will be forced to provide more stimulus to move the economy measures in light of lackluster growth.
Asian nation is the largest consumer of copper in the world, and constitute almost 40% of global consumption.