Gold prices held steady on Tuesday despite a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last U.S. Federal Reserve policy meeting for more clues on its interest rate cut timing.
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Gold prices edged lower on Wednesday due to an uptick in the dollar, although bullion traded in a narrow range as investors stayed on the sidelines awaiting more cues on the U.S. Federal Reserve policy.
Spot gold was down 0.1% at $2,176.80 per ounce, as of 0533 GMT. U.S. gold futures were flat at $2,175.40.
The dollar index strengthened 0.1% against its rivals, making gold more expensive for other currency holders.
Gold prices have risen more than 5% so far this year and hit a record high last week, helped by increasing bets for Fed easing, persistent safe-haven demand and central bank purchases amid geopolitical tensions.
