Gold hit almost $3,300 a troy ounce on Monday, after falling last week, ahead of the Fed's next decision on interest rates, due on Wednesday.

Gold firmed on Monday, supported by a softer dollar, as investors waited to see how U.S.-China trade relations will unfold, and for the Federal Reserve's policy meeting due later this week. Spot gold gained 0.

U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria/File Photo WASHINGTON (Reuters) -U.

President Trump said Sunday he would not fire Federal Reserve chair Jerome Powell before the central bank leader's term ends over the next year. Why it matters: An earlier suggestion that Trump would attempt to remove Powell — a legally dubious move — roiled financial markets,