Gold prices crept up early on Tuesday after falling more than 1 percent in the previous session, with U.S. President Donald Trump's move to put North Korea back on a list of state sponsors of terrorism burnishing the metal's safe-haven appeal.
Fundamentals
Spot gold was up 0.2 percent at $1,279.05 per ounce by 0059 GMT. Bullion fell about 1.4 percent on Monday in its biggest one-day percentage drop since Sept. 11.
U.S. gold futures for December delivery gained 0.3 percent to $1,278.60.
The dollar gave back some of its gains in Asian trading on Tuesday, but remained not far from a one-week high against a basket of currencies as German political uncertainty continued to pressure the euro.
Federal Reserve Chair Janet Yellen said on Monday she would resign her seat on the Fed's Board of Governors once Jerome Powell is confirmed and sworn in to replace her as head of the U.S. central bank.
Russia's gold reserves stood at 57.9 million troy ounces as of the start of November, the central bank said on Monday.
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