Gold prices were steady on Tuesday, with cautious traders largely focusing on Federal Reserve Chair Jerome Powell’s speech for insights into the US central banks rate-hike trajectory.
Spot gold held its ground at $1,872.79 per ounce. US gold futures were flat at $1,877.70.
Investors focus is on Powell’s speech at a central bank conference later in the day. Market participants will also scan the US consumer price index (CPI) data due on Thursday for further clues on Feds policy stance.
Spot silver lost 0.2 percent to $23.59, while platinum rose 0.2 percent to $1,080.91.