Gold edges up as dollar eases; markets brace for Fed meeting

Gold on Tuesday inched up from its lowest in over two weeks as the dollar shed some of its gains from the previous session, with market focus on a two-day Federal Reserve meeting that kicks off later in the day. shed some of its gains from the previous session, with market focus on a two-day Federal Reserve meeting that kicks off later in the day. 

FUNDAMENTALS 

Spot gold was up 0.2 percent at $1,308.86 an ounce by 0044 GMT, after dropping to its lowest level since Aug. 31 at $1,304.10 in the previous session. 

US gold futures for December delivery edged up 0.1 percent to $1,312.60 an ounce. 

The dollar index, which measures the greenback against a basket of currencies was down 0.1 percent at 91.924. It eased 0.1 percent versus the yen after marking its highest since July 27 overnight.  , which measures the greenback against a basket of currencies was down 0.1 percent at 91.924. It eased 0.1 percent versus the yen after marking its highest since July 27 overnight. 

Read more at:

www.ripplesadvisory.com