Gold Trades Low Ahead Of Fed Meet

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Gold slipped to its lowest level in over two weeks during early trade on Monday.

The precious metal remained cautious ahead of US Federal Reserve's two-day monetary policies meeting starting on Tuesday.

Spot Gold was down 0.2% at USD 1,316.50 an ounce. by way of 0052 GMT, after falling earlier to USD 1,315.10, its lowest level since August 31. US gold futures for December deliver fell 0.4% to USD 1,320.60 an ounce.

The dollar held firm near a 7-week high against the yen on Monday, supported by means of contemporary rises in US Treasury yields. Sterling held firm after rallying last week, underpinned by expectations the Bank of England could raise rates of interest soon.


A Bank of England policymaker, who had been its strongest advocate of ultra-low borrowing costs, mentioned charges may wish to upward push in the coming months.
US Ambassador to the United nations Nikki Haley had stated on Sunday the UN security Council has run out of options on containing North Korea's nuclear program and the united states can have to show the subject over to the Pentagon.
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