Gold prices were steady on Tuesday as investors adopted a wait-and-see approach ahead of the U.S. Federal Reserve’s two-day monetary policy meeting, when the central bank is widely expected to cut interest rates.
Spot gold firmed slightly, adding 0.43% to $1,504.3 an ounce.
Gold prices rose more than 1% early Monday before settling 0.6% up for the day after a weekend attack on oil facilities in Saudi Arabia inflamed worries over stability in the Middle East.
U.S. gold futures rose 0.05% at $1,512.
Elsewhere, silver edged 0.1% higher to $17.86 an ounce, while platinum slipped 0.4% to $933.15.
Palladium dipped 0.6% to $1,595.37 after touching a record high of $1,626.81 in the previous session.