SINGAPORE, Sept 21 (Reuters) - Gold prices hovered around$1,800...

SINGAPORE, Sept 21 (Reuters) - Gold prices hovered around
$1,800 an ounce on Wednesday supported by heightened fears of a
euro zone banking crisis and ahead of the result of a key U.S.
Federal Reserve meeting.

FUNDAMENTALS
* Spot gold edged down 0.2 percent to $1,800 an ounce
by 0013 GMT, after a 1.4-percent rally from the previous
session.
* U.S. gold GCcv1 inched down 0.3 percent to $1,803.30.
* Standard & Poor's cut Italy's credit rating on Tuesday in
a surprise move that increased strains on the debt-stressed euro
zone, and the International Monetary Fund said Europe's leaders
were failing to act decisively enough to resolve the crisis.

* Investors are waiting for a statement from the U.S.
Federal Reserve due at 1815 GMT, to see if the Fed would offer
more stimulus measures.
* Gold's rally will extend beyond $2,000 an ounce in the
next year, but won't match the record-breaking 50 percent surge
of the last 12 months, according to an annual survey of gold
investors and analysts at the world's biggest bullion traders
event.
http://af.reuters.com/article/metalsNews/idAFL3E7KL00M20110921