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Gold rises 1.1% to $4,060.56 ahead of Fed meeting

Spot gold rose more than 1% on Tuesday as lower oil prices lent support, with markets awaiting the Federal Reserve's policy meeting.

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By Vishak MathewGold prices rose more than 1% on Tuesday as lower oil prices lent support, with market participants awaiting the Federal Reserve's policy meeting for signals on the future path of US interest rates.Spot gold TVC:GOLD gained 1.1% to $4,060.56 per ounce by 12:07 p.m. ET (1707 GMT) aft…