Gold held a back-to-back gain above $1,400 an ounce, supported by inflows into exchange-traded products, as investors counted down to this week’s Federal Reserve meeting.
Spot gold little changed at $1,426.78/oz, after +0.6% on Monday and +0.3% on Friday. Gold in sterling climbed to the highest level since September 2011 as the currency weakens amid concerns about the prospect of the U.K. leaving the EU without a deal.
In addition, traders were set to track U.S.-China trade talks scheduled to resume in Shanghai on Tuesday. Prospects of a breakthrough are slim, with the two sides seen as further apart than they were three months ago.
Source : Bloomberg