Gold falls amid Federal Reserve's interest rate hike

CHICAGO, May 4 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday ahead of the Federal Reserve's interest rate hike.

The most active gold contract for June delivery fell 1.8 U.S. dollars, or 0.1 percent, to close at 1,868.8 dollars per ounce.

Shortly after the market closes, the Federal Reserve concluded its monetary policy meeting and announced to lift in