The cost of gold on Thursday morning decreased, according to the trading data. Investors are wagering on the outcome of the U.S. Federal Reserve (Fed) meeting.

The price of December gold futures on the New York Comex Exchange declined by $10.2, or 0.62%, to $1,639.8 per troy ounce. December silver futures were down 1.3% to $19.34 an ounce.