Companies that obtain an ADGM licence will enjoy certain benefits, including a streamlined transition process
Spot gold looks neutral in a range of $1,285-$1,299 per ounce, and an escape could suggest a direction, according to Reuters technical analyst Wang Tao.
Markets will be keenly looking out for any progress in Brexit negotiations as Britain's parliament will vote on Prime Minister Theresa May's deal, which already looks set to be rejected by lawmakers.
"If anything goes wrong in today's meeting, it will be supportive of gold," said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai, India.
Among other precious metals, palladium rose 0.2 percent to $1,325.50 per ounce. In the previous session, the metal was trading just below the all-time high of $1,342.43 reached last week.
Platinum was unchanged at $799.50 per ounce, while silver gained 0.2 percent to $15.68.
Companies that obtain an ADGM licence will enjoy certain benefits, including a streamlined transition process
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