Gold prices steadied near a three-month peak on Tuesday, supported by subdued U.S. manufacturing and construction spending, as investors awaited testimony from Federal Reserve Chair Jerome Powell and key jobs data later this week.
Spot gold was flat at $2,114.59 per ounce, as of 0423 GMT, hovering around Monday's levels of $2119.69 that marked its highest point since Dec. 4. Meanwhile, U.S. gold futures edged 0.2% lower to $2,121.60.
London's gold price benchmark hit an all-time high of $2,098.05 per troy ounce at an afternoon auction on Monday.
Market focus now turns to Fed Chair Powell's two-day congressional testimony on Wednesday and Thursday, in a jobs data-heavy week, as investors seek more clues on the health of the U.S. economy and potential timing of the central bank's rate cuts.
Lower interest rates boost the appeal of non-yielding bullion.
Spot platinum fell 0.7% to $890.95 per ounce, and palladium dropped over 1% to $950.13. Spot silver fell 0.8% to $23.71.
Source: Reuters
