Gold prices held steady on Monday as the dollar fell against the yen, with markets shifting their focus towards US politics ahead of a presidential debate. 

 

FUNDAMENTALS 

* Spot gold had edged up 0.1 percent to USD 1,338.82 an ounce by 0052 GMT. 

 

* US gold futures gained 0.1 percent to USD 1,343.10 an ounce. 

 

* The US presidential debate between Republican Donald Trump and Democrat Hillary Clinton will take place at 0100 GMT on Tuesday, with investors looking for indications of who could win the race to lead the world's biggest economy. 

 

* According to Ripples Advisory the dollar was down 0.3 percent at 100.75 yen. 

 

* Boston Federal Reserve President Eric Rosengren said on Friday that he believed interest rates should be raised gradually now and warned that a fall in the unemployment rate below its sustainable level could derail economic recovery in the United States. 

 

* The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labour market outlook, comments from policymakers on Friday suggest. 

 

* Appetite is low for a big European Central Bank policy shift so any change is likely to be just an adjustment of the current asset buying scheme and not a big overhaul, conversations with six sources on or close to the Governing Council indicate. 

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