Gold ends narrowly higher as investors await Fed decision

Gold futures settled narrowly higher Tuesday, after posting declines over the last two trading sessions, as investors awaited hints from the U.S. Federal Reserve on the timing of the next interest-rate increase.

The Fed will conclude a two-day policy meeting on Wednesday. Although, no monetary-policy moves are expected, its statement will be watched closely for clues to future action.

Gold for August delivery on Comex GCQ6, -0.22%  rose $1.30, or 0.1%, to settle at $1,320.80 an ounce, after tallying a loss of nearly 1% in the last two sessions. September silver SIU6, -0.27%  also added 3.6 cents, or 0.2%, to $19.683 an ounce.

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