Gold futures experienced a modest decline in New York and Globex trading today, with the most active December contract settling at $2,540.30, down $5.50 or 0.22% as of 5:08 PM EDT.

Gold prices have banked gains for the last two days, driven by multiple factors, with the upcoming Federal Open Market Committee (FOMC) meeting being the primary focus.

Gold pricing remains supported above $2500 per ounce. Propped up by central banks continuing to add the precious yellow metal to their balance sheets.