Gold prices boosted

Gold prices rose Tuesday, getting a boost from a shift in expectations for this week's Federal Reserve policy statement that also weakened the dollar. The dollar moved lower after Wall Street Journal reporter Jon Hilsenrath said the Federal Reserve is likely to keep dovish language relating to low interest rates in its policy statement due Wednesday. Gold prices climbed to $1,242.60 an ounce in response to the dollar's pullback, as the weaker greenback encouraged investors who use other currencies to buy the precious metal. But gold gave up much of its gains heading into the session close as investors remained jittery ahead of the Fed's statement. Prices are just $5 above the eight-month low gold reached last week. 'It shows you just how bearish people are on gold,' said Bob Haberkorn, a senior commodities broker with RJO Futures in Chicago, according to skynews.com