Spot gold edged 0.1% lower to $1,864.86 per ounce by 10:00 a.m EDT (1400 GMT), while U.S. gold futures rose 0.2% to $1,868.70.
Any hint of tapering discussions or presence of hawks in the meeting could deal a blow to gold prices, potentially dragging them below the $1,855 level, Lukman Otunuga, analyst at FXTM, said in a note.
On the physical front, consultants Metals Focus said decreased buying of bullion by exchange traded funds could limit gold demand this year.
Meanwhile, data showed U.S. retail sales falling more than expected in May, while producer prices rose more than expected.
Elsewhere, silver shed 0.7% to $27.63 per ounce, platinum fell 1.5% to $1,147.65, while palladium rose 0.3% to $2,759.45.
”, Bob Haberkorn, Otunuga, RJO’s Haberkorn, Nakul Iyer, Steve Orlofsky
Fed, Metals, U.S . Federal, Metals Focus