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Gold prices fell Tuesday in Asian trade as the dollar had hit its highest level of a week, while waiting for a less significant drop in oil prices. Interest by the US Federal Reserve at the end of the month.
Spot gold was down 0.5% to $ 1,417.11 at 1 pm 20 minutes GMT.
The gold futures in the US fell 0.5% to $ 1,419.30 an ounce.
The dollar index rose 0.1%, hitting its highest level in a week, making gold expensive for holders of other currencies.
The US central bank is expected to broadly lower its target interest rate range by 25 basis points from 2.25% to 2.2% at a meeting that will end on July 31st. Deciders of the Fed.
The global march to lower interest rates is reaching Europe this week, with the European Central Bank at least signaling easier monetary policy.
Expectations of easing policies of large central banks such as the Fed have supported global equities on Tuesday.
At the same time, the pound sterling was relegated to the background as investors feared that Boris Johnson, the favorite to become the UK's next prime minister, would trigger a "tough Brexit" from the European Union.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.57% to 825.18 tonnes on Monday, from 820.49 tonnes on Friday.
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