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Gold prices slipped on Wednesday morning trade in Asia ahead of a meeting of the U.S. Federal Reserve and as investors look for clues on future interest rate hikes this year.
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange were down $1.10 or 0.08%, to $1,298.30 a troy ounce by 1:15PM ET (05:15 GMT).
Investors are now looking towards a two-day meeting of the Federal Open Market Committee (FOMC) that starts Wednesday for cues.
The Fed is widely expected to raise interest rates for the second time this year and markets are waiting to see if there will be a third and a fourth hike in 2018.
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