Tue, 29 Jul 2014 10:58:11 GMT
Gold at one-week high
Gold rose over the $1,300 an ounce mark before the Fed's two-day meeting amid tensions in Ukraine and Gaza. Immediate delivery rose 0.3% to 1,308.06 an ounce and reached $1,312.27, the highest price since July 22. Geopolitical tensions should not boost demand significantly for the safe haven as market participants are waiting for the outcome of the meeting.