Gold futures edged marginally higher in a lack luster trading session Monday as weakness in crude oil prices and strength in greenback capped the gains. Gold for April delivery at NYMEX added 40 cents to close the session at $654.2 an ounce levels, the contract meanwhile saw the lows of $652.80 an ounce. The market is consolidating after recent plunge and seems waiting for some good positive news. The market is closely watching the developments in currency and energy markets. In this regard Fed’s decision o interest rates would be important for the direction ahead. The Federal Open Market Committee is starting its two-day policy meeting on Tuesday. Meanwhile, in geopolitical tensions over Iran’s nuclear issue is still supportive for the metal. The UN Security Council is likely to impose new sanctions against Tehran in its meeting this week. COMEX warehouse stocks remains unchanged at 7.55 million troy ounces. | TUG-OF-WAR: Bulls vs. Bears |