Bengaluru — Gold prices rose slightly on Tuesday ahead of a key US Federal Reserve meeting, as speculation that signs of economic turbulence may prompt the central bank to put brakes soon on its monetary tightening cycle kept the dollar under pressure. The federal open market committee (FOMC) is widely expected to raise interest rates at its two-day meeting starting later in the day, but the focus will be on its outlook for 2019. "Investors are hoping gold prices will go up further after the meeting," said Brian Lan, MD managing director at dealer GoldSilver Central in Singapore, adding that $1,251 would be the next level that gold will likely test with support at $1,245. Spot gold was up 0.2% at $1,248.14 per ounce at 4.36am GMT, while US gold futures inched 0.1% higher to $1,252.2 per ounce. Meanwhile, the dollar index inched lower after losing 0.4% on Monday, amid speculation the Fed will soon hit the pause button to its monetary tightening cycle in the face of rising risks to gl...

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