A rise in oil prices helped lift gold on Tuesday, but dealers were cautious ahead of a Federal Reserve meeting that may determine the metal's price direction.
Spot gold rose as high as $645.80 an ounce and was quoted at $644.90/645.65 by 1516 GMT, against $642.60/643.60 late in New York on Monday.
"The market now appears to wait for the outcome of the two-day FOMC meeting starting today. Crude oil remains the dominant fundamental driver for the time being," Dresdner Kleinwort said, referring to the Federal Open Market Committee
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