Gold prices have fallen due to a stronger dollar index (DXY) and cautious traders ahead of the Federal Open Market Committee meeting. MCX Gold futures were down 0.27% and July Silver down 0.63%. The safe haven appeal of gold is still expected to continue due to the weak economic data released, seeing investors move towards precious metals. China's biggest banks have also lowered interest rates in order to boost growth in the economy to improve slowing consumption. Gold and silver prices have recovered over last week and are expected to remain bullish, according to analysts.