The price of gold is down slightly on the first day of February, as markets continue to await the U.S. Federal Reserve (Fed) decision to raise the refinancing rate again, according to stock exchange quotes.

The price of April gold futures on the New York Comex Exchange is down $4.15, or 0.21%, to $1,941.15 per troy ounce. March silver futures are down 0.34% to $23.755 an ounce.