And Asian stocks fell to the lowest level in more than four years after the People's Bank of China raised the price guidance for the yuan significantly. However, European stocks firmed in the beginning of the meeting, which affected a little on the price of gold, which investors consider safer bet.
The inn Spot gold 0.2 percent to $ 1103.20 an ounce by 1053 GMT, while gold rose in US trading 0.1 percent to $ 1099.30 an ounce.
On Friday, gold rose to its highest level since early November to climb more than four percent since the beginning of the year as a result of concerns about the Chinese economy and the stock markets tumbled.
Gold was down more than ten percent last year due to concerns about lifting US interest rates reduce the demand for interest bearing assets.
Silver rose 0.6 percent to $ 14 an ounce, while platinum lost 0.5 percent to $ 870.45 an ounce and palladium down 1.6 percent to $ 484.68 an ounce.