Gold prices remained motionless in Asian trade Tuesday after hitting near two months low on Monday as traders looking for clues from other markets.
Spot gold was seen trading at $ 1181.97 an ounce at 11.30 a.m Singapore time after hitting as low as $1,177.47 on Monday, the lowest level for a most-active contract since May 24
US gold futures for August delivery were little changed at $1,182.30 on the Comex in New York.
Meanwhile, the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings were unchanged at 1,314.211 tonnes. The holdings hit a record 1,320.436 tonnes in late June.
The euro was steady on Tuesday, hovering within striking distance of two-month highs against the U.S. dollar which was under pressure as investors continued to cut long positions on more disappointing U.S. economic data.
Silver for immediate delivery was little changed at $17.605 an ounce. Platinum advanced 0.2 percent to $1,515.50 an ounce, while palladium climbed 0.3 percent to $446 an ounce.
On Monday, August gold fell $6.30 to settle at $1,181.90 per fine ounce on the Comex division of the New York Mercantile Exchange. The moving average is $1177.58. The metal has gained 7.8 per cent this year.
Silver futures for September delivery dropped 24.5 cents, or 1.4 per cent, to $17.543 an ounce. Copper for September delivery settled 0.85 cents higher at $2.9380 per pound.
Platinum futures for October delivery rose $1 to $1513.10 an ounce on the New York Mercantile Exchange. Palladium futures for September delivery fell $4.70, or 1 per cent, to $443.90 an ounce.