Global gold prices stayed mostly steady on Tuesday as investors waited for the release of the US Federal Reserve meeting minutes.
Spot gold slipped slightly by 0.1% to $4,560.39 per ounce after hitting its lowest level since March 30 on Monday. At the same time, US gold futures for June delivery edged up 0.1% to $4,563.50 per ounce.
Traders are closely watching the US central bank as it deals with rising inflation and growing pressure to cut interest rates. A drop of more than 2% in oil prices also helped calm inflation worries in the market.
Other precious metals saw losses during trading. Spot silver fell 1.3% to $76.63 per ounce, platinum dropped 0.5% to $1,969.84, and palladium declined 1.2% to $1,401.74 per ounce.
