Gold was largely unchanged on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official over the weekend to a meeting of global central bankers later this week that might provide hints on the timing of a U.S. interest rate increase.
Spot gold fell 0.1 percent to $1,336.95 per ounce, having hit a two-week low of $1,331.35 in the previous session. The most active U.S. gold futures for December delivery settled up $2.70, or 0.20 percent, at $1,346.1 per ounce, and were last down 9.13 percent at $1,341.70.
Prices fell on Monday after weekend comments by the Fed's No. 2 policymaker, Stanley Fischer, saying that the U.S. central bank is close to hitting targets for full employment and 2 percent inflation, raising the prospect of a U.S. rate increase.