June 24 (Bloomberg) -- Gold rose in New York as the dollar pared early gains before a statement from the Federal Reserve on interest-rate policy and the economy, expected later today. Gold futures for August delivery increased $4.80, or 0.5 percent, to $929.10 an ounce at 8:25 a.m. on the New York Mercantile Exchange’s Comex unit. The U.S. Dollar Index, a six- currency gauge, jumped as much as 0.4 percent earlier before paring the advance. The Fed’s statement is expected shortly after 2 p.m. today.

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