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 U.S. Federal Reserve chair nominee Jerome Powell and a possible Senate vote on U.S. tax reforms.
Fundamentals
* Spot gold was up 0.1 percent at $1,295.31 an ounce at 0120 GMT. On Monday, the metal touched a high of $1,299.13 an ounce, its highest since Oct. 16.
* U.S. 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 U.S. tax plan later in the week.
* Sales of new U.S. single-family homes unexpectedly rose in October to hit a 10-year high amid robust demand across the country, offering a boost to the housing market.
* Sales of new U.S. single-family homes unexpectedly rose in October to hit a 10-year high amid robust demand across the country, offering a boost to the housing market.
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