Gold prices were up slightly Monday morning, trimming steep recent losses ahead of this week’s closely watched meeting of the Federal Reserve.
It is expected that the Fed will signal a rate hike is coming by year’s end.
U.S. gold for August was up 6 dollars at $1091 an ounce, up from a 5-year low seen late last week.
Gold’s decline was due in large part to a stronger US dollar.
Platinum, silver and copper prices also hit multi-year lows of late.
The material has been provided by InstaForex Company – www.instaforex.com