Gold off two-week peak as oil advances, Fed meeting eyed

Spot gold was little changed at $4,133.39 per ounce, off a two-week peak of $4,165.87 hit in the prior session. Oil prices rose more than 1.5 percent to a six-week high after the US launched new strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea. The Fed is widely expected to keep rates unchanged next week, though futures are positioned for at least one hike by year-end, while the ECB is set to hold rates steady on Thursday.