1:41p Gold settles lower for a third session ahead of the Fed policy update
1:41p August gold down $2.70, or 0.2%, to settle at $1,249.40/oz
2:00p Fed says it will begin balance sheet normalization 'relatively soon'
2:00p Fed maintains target federal funds rates between 1% and 1.25%
2:00p Fed makes small modification to way its describes jobs and inflation
2:00p Fed votes 9-0 in favor of decision
2:01p Treasury yields edge up after Fed policy statement released
2:02p Gold edges up in electronic trading as Fed stands pat on interest rates
2:02p August gold at $1,252.60/oz, up from the $1,249.40 Comex settlement
2:07p Dollar gauge slips into negative territory following Fed policy update
Dan