Precious Metals Down Ahead Of U.S. Economic Releases

The London A.M. gold fix was down $12 .75 in front of U.S. data due out Monday morning. February gold was down $10 and $12.10. March silver was down 0.17 at 16.88 and March copper was slightly higher to 2.9390. Platinum was lower, trading down $10.00 at 1220. NY Fed manufacturing data, industrial production and the NAHB housing market survey are all due out Monday morning. Investors and traders are beginning to focus on the FOMC meeting this week and the statement that comes out after the meeting.