Gold prices did not change on Monday, as they were hovering around their lowest levels in two weeks, as traders began to focus on the Federal Reserve's monetary policy meeting this week.
Gold futures were stabilized on the Commex index at $1311.9 per ounce by 9:00 a.m. Eastern State time United (13:00 GMT), barely away from its lowest level in two weeks at $307.4.
Later in the week, it is widely expected that the Fed will raise interest rates by a quarter of a point at the conclusion of the two-day monetary policy meeting. Investors will often focus on any indicators on the pace of tightening monetary policy for the remainder of the year.
Gold is sensitive to movements in American interest rates, where rising US interest rates raise the opportunity cost of holding non-returning assets such as gold bullion.
Separately, investors were still wary amid fears that more senior officials could be dismissed from the White House's Trump administration and worried about the economic impact of US trade tariffs.
Elsewhere on the Commex index, silver futures contracts decreased by 0.14% to $16.24 for the ounce.