Gleam fades on NY gold before Fed talks, holiday

Newswire

NEW YORK, June 27 (Reuters) - Gold stalled in New York on Monday, retreating from last week's highs in unmotivated trade ahead of Federal Reserve interest rate talks later in the week and a half-session Friday before the U.S. July 4 weekend. "We have the (Fed) announcement on Thursday. Thursday is also going to be a quarter-end, so seeing how the funds were a bit of a driving factor in the recent run-up, I expect them to hold through till then," said Paul McLeod, a precious metals vice ...

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