5:00AM Gold and silver futures slipped as market awaited FOMC decision.
February gold declined $3.10 to end at $631.70 a troy ounce on the New York Mercantile Exchange and March silver shed 4.5 cents to $13.98 an ounce. In later trading, the metal rebounded by 2 cents. January platinum settled up $5.80 to $1,115 an ounce while its sister metal palladium lost $2.85 to close at $330.90 an ounce. March copper contract dipped 3.90 cents to settle at $3.0945 per pound.

January crude oil slid 20 cents to finish at $61.02 a barrel and January heating oil declined 0.19 cent to $1.7224 a gallon. January unleaded gasoline lost 0.38 cent to end at $1.5950 a gallon. January natural gas advanced 0.3 cent to close at $7.430 a million British thermal units.

On the New York Board of Trade, March Arabica coffee futures finished 0.90 cent lower at $1.2775 a pound. Futures on raw sugar in foreign ports for March moved 0.05 cent lower at 11.37 cents a pound.