US Fed policy decision due on Wednesday
Dollar holds firm near sixmonth high
Palladium down more than 1

Sept 18 Reuters Gold was little changed on Monday as investors stayed on the sidelines, positioning for a series of key central bank policy meetings this week, with the U.S. Federal Reserve widely expected to hit pause on interest rate hikes.

Spot gold was flat at 1,923.40 per ounce by 0959 a.m. EDT 1359 GMT. U.S. gold futures were down 0.1 at 1,944.10.

The market is becoming very focused on central bank requisitions… the expectations are that they Fed will push the higher for longer narrative and that should keep investors concerned, said Edward Moya, senior market analyst at OANDA.

The Fed39;s policy decision is due on Wednesday, with traders pricing in a 99 chance of the central bank keeping interest rates steady in the 5.25 to 5.5 range, according to CME39;s FedWatch Tool.

The Bank of England is seen raising rates by 25 basis points to 5.5 on Thursday. The Bank of Japan39;s meeting is on Friday, with investors seeking more cues on outlook from Governor Kazuo Ueda after recent comments on ending negative rates.

Nonyielding gold tends to fall out of favour among investors when interest rates rise.

Keeping gold gains in check, the U.S. dollar hovered near a sixmonth high against its rivals, while benchmark 10year U.S. Treasury yields stay elevated near a multiyear peak. USD

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