London — Gold rose from the previous day’s two-week low on Tuesday as the dollar slipped ahead of a Federal Reserve meeting that is expected to provide more clues on the pace of US monetary tightening. The dollar fell 0.3% against the euro ahead of the two-day talks, with markets awaiting guidance on whether the Fed will signal a further hike in interest rates at its December meeting. Spot gold was up 0.3% at $1,310.51 an ounce at 1.45pm GMT, off the previous day’s low of $1,304.10. US gold futures for December delivery were up $3.20 an ounce at $1,314.00. "Investors have a tendency to stay on the sidelines ahead of the Fed and other important events, so that trading becomes more technical," ABN Amro analyst Georgette Boele said. "If the Fed were to sound more hawkish this will likely push gold below $1,300 temporarily," she said. "In general gold is struggling a bit to move higher, so overall I expect a test of $1,300. Some US dollar recovery would be in line with that." The metal ...
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