Gold was trading in a tight range on Tuesday ahead of a two-day rate-setting meeting by the U.S. central bank, with investors awaiting clarity on whether a next round of U.S. tariffs on Chinese goods will come into effect this weekend.

Spot gold was up 0.1% to $1,462.97 per ounce by 07:34 GMT. U.S. gold futures rose 0.2% to $1,467.30.

Both the United States and China have adopted a reconciliatory tone, with China saying it hoped to make a deal as soon as possible.

President Donald Trump has said he was working with Beijing on an agreement ahead of new tariffs on $156 billion worth of Chinese imports on Dec.15.

Source : Reuters