The price of gold fluctuates on Wednesday at the macroeconomic data from the UK, and pending the outcome of the meeting of the FOMC.

As reported on Wednesday a national statistics department of Britain, the country's GDP in the first quarter of this year, according to preliminary estimates, has not changed compared to the same period last year and fell by 0.2% compared with the previous quarter. The data were worse than analysts' forecasts, expects GDP growth of 0.3% compared with January-March 2011 and by 0.1% - in the quarter.

On Wednesday completed a two-day meeting of leaders of the U.S. Federal Reserve.The market once again waiting for the regulator of intent to sustain economic growth with additional incentive measures, but experts in the majority do not involve any extraordinary measures.

Physical demand for gold in recent weeks is low, even in India - the world's largest consumer of precious metals - during the holiday Akshaya Tritiya, when traditionally the demand for gold jewelry.

May futures on the COMEX for gold today is kept in the range of $ 1636.7 - $ 1644.0 per ounce.