Gold holds steady as investors look to Powell's speech (reuters)

Gold held steady on Tuesday as a softer dollar offset pressure from an equity rally while investors stayed away from taking big positions ahead of U.S. Federal Reserve Chair Jerome Powell’s speech later this week.

Spot gold was flat at $1,932.15 per ounce by 0512 GMT. U.S. gold futures were steady at $1,938.80.

Powell will discuss the Fed’s monetary policy framework review on the opening day of the Kansas City Fed’s annual central banking conference on Thursday, in a virtual and public format because of the coronavirus pandemic.

https://www.reuters.com/article/global-precious/precious-gold-holds-steady-as-investors-look-to-powells-speech-idUSL4N2FR0PH