Gold prices steadied on Tuesday despite a rise in the dollar and Treasury yields, as investors awaited minutes from the Federal Reserve's latest policy meeting for further clues on the timing of an interest rate cut.
Spot gold was steady at $2,018.03 per ounce by 0341 GMT. Most U.S. markets were closed on Monday for a holiday.
U.S. gold futures rose 0.3 percent to $2,029.10 an ounce.
The dollar index rose 0.1 percent, and benchmark 10-year Treasury yields rose near 4 percent, making bullion priced in the greenback less attractive to foreign buyers.
The minutes of the Federal Reserve's January monetary policy meeting are due on Wednesday.
Despite the notable progress in curbing inflation in the United States, San Francisco Fed President Mary Daly said there is more work to be done to ensure price stability. Another Fed official also warned that interest rate cuts are too long overdue.
Stronger-than-expected U.S. consumer and producer price data last week dashed hopes of a Federal Reserve rate cut in March.
Lower interest rates reduce the opportunity cost of holding bullion.
Among other precious metals, spot platinum fell 0.6 percent to $893.16 an ounce, palladium fell 0.8 percent to $946.41 an ounce, and silver fell 0.4 percent to $22.93 an ounce.
