Gold prices stabilized in early Asian trading on Tuesday after data from the U.S. services sector bolstered hopes that the Federal Reserve would pause its tightening monetary policy this month. Spot gold remained steady at $1961.09 per ounce, while U.S. gold futures rose by 0.2% to $1977.30.
The "Dollar" index held steady, while the yield on 10-year Treasury bonds fell to 3.683%. Traders expect an 81.7% chance that the U.S. central bank will keep interest rates unchanged at its monetary policy meeting on June 13 and 14.
Regarding other precious metals, silver declined by 0.1%, platinum fell by 0.2%, and palladium saw little change at $1413.10 after dropping in the previous session.
