LONDON — Gold prices rose on Monday as the dollar slipped but gains were capped by nervousness ahead of a US Federal Reserve monetary policy meeting and a rise in US government bond yields.Spot gold was 0.3% higher at $1,314.83/oz at 9.39am GMT, just off a low of $1,306.26 hit on Friday which was the weakest since September 1. US gold futures rose 0.6% to $1,318/oz.The US central bank meets on Tuesday and Wednesday. It is expected to keep benchmark rates on hold but could give a clear signal of rises to come, possibly in December. If rates remain on hold, that could keep the US currency under pressure, potentially making gold more attractive to buy.But higher rates would increase the opportunity cost of holding gold, which yields nothing."The dollar overall is down a little, which is positive for precious metals and for gold in particular.... Economic data have not been too good, so they do not need to act immediately," said Quantitative Commodity Research analyst Peter Fertig."But ...
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