Gold off two-week peak as oil advances, Fed meeting eyed
Gold traded below two-week highs on Thursday as an escalating Middle East conflict drove oil prices higher, while traders shifted focus to next week’s Federal Reserve meeting for clues on the timing of potential interest rate hikes. Spot gold was little changed at $4,133.39 per ounce as of 0115 GMT, having climbed to $4,165.87 in the last session, its highest since July 7. US gold futures for August delivery fell 0.4% to $4,136.8.