Gold inched lower on Tuesday but sentiment was underpinned ahead of a US Federal Reserve meeting where policy makers are expected to announce more stimulus measures, a move that would support gold's appeal as a hedge against inflation. Spot gold inched down 0.2 percent to $1,709.10 an ounce by 0719 GMT, after rising to a one-week high of $1,717.20 in the previous session. US gold dropped 0.4 percent at $1,707.80.

Copyright Reuters, 2012