Gold prices fell to a three-week low in anticipation of the announcement of the decision of the US Central Bank.

Market participants are preparing for today's monetary policy meeting, the Fed, the results of which the bank is likely to announce the completion of its enabling asset purchases, known as quantitative easing.

Investors will closely examine the Fed statement to find in it further hints that interest rates will remain near zero for some time in the future.

Market analysts believe that those responsible for the monetary policy of the bank officials reiterated that rates will stay low for an "extended period" and that there was "considerable underutilized" labor market.

Meanwhile, Russia has increased its gold reserves sixth consecutive month in September, according to the International Monetary Fund.

The cost of December gold futures on the COMEX today dropped to 1220.80 dollars per ounce.