Gold was steady for a second day, as traders weighed the outlook for more rate hikes in the US that could affect the precious metal's next direction.
US Treasury yields climbed on Tuesday, which is typically negative for non-interest bearing bullion, after Pimco's Richard Clarida said the Federal Reserve would probably raise rates again in this cycle and would be unlikely to cut them until next year.
Investors are on the lookout for support from Beijing for its tepid economic recovery, after authorities asked the nation's biggest banks to lower their deposit rates.
They're also considering a potential improvement to geopolitical relations, with US Secretary of State Antony Blinken set to have talks in coming weeks with top officials in China.
Spot gold was steady at $1,965.13 an ounce as of 9:25 a.m. in Singapore. The Bloomberg Dollar Spot Index slipped 0.1%. Silver, platinum and palladium all edged higher.
Source : Bloomberg
