FX.co ★ Gold Holds Steady Amid Geopolitical Tensions

Gold prices held steady on Tuesday, as investors kept an eye on rising geopolitical tensions and looked ahead to the release of key U.S. inflation data on Wednesday for additional clues on the state of the world's largest economy.

Spot gold edged up 0.1 percent to $1,790.62 while U.S. gold futures were marginally higher at $1,806.10.

The Russian bombardment of a Ukrainian power plant has sparked fears of a radioactive fallout in Europe.

Elsewhere, Taiwan's foreign minister said earlier today that China has used the drills in its military playbook to prepare for the invasion of Taiwan.

The U.S. Labor Department's Consumer Price Index for July is due to be released on Wednesday, with investors waiting to see whether inflationary pressures are receding.

The dollar edged lower in early European trade in anticipation of a softer annualized U.S. inflation print.

On Monday, a New York Fed survey showed consumers' inflation expectations fell sharply in July.