Gold fell on Tuesday as the dollar settled near a three-week high, while investors awaited the direction of interest rate hikes from the US Federal Reserve’s latest meeting minutes.
Spot gold fell 0.2% to $1,774.79 an ounce, following falling more than 1% on Monday.
US gold futures fell 0.5% to $1,789.7.
The dollar settled near a three-week high hit earlier in the session.
The minutes of last month’s Federal Reserve meeting are due to be published on Wednesday.
Recently, several Federal Reserve officials have highlighted the need to continue raising interest rates to combat persistent inflation, and gold is an inflation hedge, but higher rates make non-yielding assets less attractive.
Spot silver fell 0.8% to $20.10 an ounce, platinum rose 0.1% to $933.72, while palladium rose 0.2% to $2150.51.
