Gold on Tuesday inched up from its lowest in over two weeks as the dollar shed some of its gains from the previous session, with market focus on a two-day Federal Reserve meeting that kicks off later in the day.

FUNDAMENTALS

* Spot gold was up 0.2 percent at $1,308.86 an ounce by 0044 GMT, after dropping to its lowest level since Aug. 31 at $1,304.10 in the previous session.

* U.S. gold futures for December delivery edged up 0.1 percent to $1,312.60 an ounce.

* The dollar index , which measures the greenback against a basket of currencies was down 0.1 percent at 91.924. It eased 0.1 percent versus the yen after marking its highest since July 27 overnight.

* Asian shares wavered on Tuesday, bolstered by record highs on Wall Street but hobbled by uncertainty as traders waited on the Fed meeting for clues on U.S. monetary policy. 

* Kinross Gold Corp , as expected, gave the go-ahead on Monday to spend more than $1 billion to expand two of its gold mines, including its Tasiast mine in West Africa.

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