Gold ticked up on Tuesday after a drop from a two-week high spurred bargain hunting, but investors were reluctant to make big bets ahead of the US Federal Reserve's policy meeting, which could determine the fate of the dollar. Gold added $5.75 to $1,356.00 an ounce by 0537 GMT in slow trade.
It had hit a two-week high at $1,365.49 in Asia on Monday, but then suffered from a lack of follow-through buying. Gold struck a record around $1,387 last month. US gold futures for December delivery rose $5.6 an ounce to $1,356.2 after rising as high as 1,366.40 on Monday, its strongest since October 19. Silver was steady but off a 30-year peak hit on Monday, while palladium slipped from a 9-year high. Platinum was off a four-week high seen on Monday.