Gold prices on Tuesday held near a six-week high hit in the previous session, supported by a weaker dollar ahead of a congressional hearing on US Federal Reserve chair nominee Jerome Powell and a possible Senate vote on US tax reforms.
Spot gold was up 0.1 per cent at $1,295.31 an ounce at 0120 GMT, reports Reuters.
On Monday, the metal touched a high of $1,299.13 an ounce, its highest since Oct. 16.
US gold futures for December delivery were nearly unchanged at $1,294.80.
The dollar on Tuesday remained within sight of a two-month low versus the yen, with the near-term focus on a possible Senate vote on a US tax plan later in the week.
