Gold Futures Flat In Tight Range Ahead Of FOMC

August Gold futures are unchanged at $12881.10 per ounce in Wednesday's session. At this time time, the contract is having an inside day. In other words, it has traded witin the range of Tuesday's session. On the downside, it has found support ahead of Tuesday's low ($1278.30), only reaching $1281.30. On the upside, the rally has been capped ahead of Tuesday's high ($1293), so far with the rally peaking at $1291.10.