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• Gold on Tuesday inched up from its lowest in over two weeks as the dollar shed some of its gains from the previous session, with market focus on a two-day Federal Reserve meeting that kicks off later in the day.

Spot gold was up 0.2 percent at $1,308.86 an ounce by 0044 GMT, after dropping to its lowest level since Aug. 31 at $1,304.10 in the previous session.

U.S. gold futures for December delivery edged up 0.1 percent to $1,312.60 an ounce.

• The dollar index, which measures the greenback against a basket of currencies was down 0.1 percent at 91.924. It eased 0.1 percent versus the yen after marking its highest since July 27 overnight.

• Asian shares wavered on Tuesday, bolstered by record highs on Wall Street but hobbled by uncertainty as traders waited on the Fed meeting for clues on U.S. monetary policy.

• The Fed is set on Wednesday to announce the start of a plan to trim its $4.5-trillion portfolio of assets, much of it amassed in response to the 2007-2009financial collapse, marking another milestone in bringing to an end the crisis-era measures.

• Spot gold may drop to $1,299 per ounce, as it has broken a support at $1,309, said Reuters technicals analyst Wang Tao.

• In other precious metals, silver and platinum were both 0.5 percent lower at $17.13 and $954.99 an ounce, while palladium lost 0.6 percent at $930.13.

Reference: Reuters