Sept 15 (Reuters) - Gold prices held steady on Tuesday,
following a sharp rise in the previous session, as the dollar
remained subdued ahead of the U.S. Federal Reserve's monetary
policy meeting that could provide more clues on stimulus
measures and inflation targeting.
FUNDAMENTALS
* Spot gold XAU= was flat at $1,956.17 per ounce by 0024
GMT after gaining 1% on Monday.
* U.S. gold futures GCv1 ticked up 0.1% at $1,966.40.
* The dollar index .DXY was little changed after posting
its worst day in more than two weeks in the last session. A
weaker greenback makes gold less expensive for holders of other
currencies. USD/
* Asian shares looked set to open lower on Tuesday, although
positive developments around potential COVID-19 vaccines and
increased deal activity are likely to stem losses. MKTS/GLOB
* More than 29.11 million people have been reported to be
infected by the novel coronavirus globally and 924,141 have
died, according to a Reuters tally. * Market participants are now looking at the U.S. Fed's
two-day policy meeting, which ends on Wednesday. The meeting
will be its first since Chairman Jerome Powell unveiled a policy
shift towards greater tolerance of inflation, effectively
pledging to keep interest rates low for longer.
* Meanwhile, U.S. Treasury Secretary Steven Mnuchin and
Federal Reserve Chairman Jerome Powell will testify before the
Senate Banking Committee on coronavirus relief, the committee
said in a statement on Monday. * British Prime Minister Boris Johnson lashed out at the
European Union on Monday as he won initial approval for a plan
to breach the Brexit treaty. * Gold is often used as a safe store of value during times
of political and financial uncertainty.
* Silver XAG= eased 0.1% to $27.12 per ounce, platinum
XPT= was little changed at $954.50, while palladium XPD=
dipped 0.2% to $2,308.81.
DATA/EVENTS (GMT)
0200 China Urban Investment (YTD) YY Aug
0200 China Industrial Output YY Aug
0200 China Retail Sales YY Aug
1000 EU Reserve Assets Total Aug
1315 US Industrial Production MM Aug