NEW YORK: Gold prices steadied on Tuesday, trading in a tight range as investors awaited more cues to assess the Federal Reserve’s interest rate path ahead of its policy meet next week.

Spot gold rose 0.2% to $1,965.17 per ounce by 12:05 p.m. EDT (1605 GMT). US gold futures gained 0.4% to $1,981.50.

The dollar index and benchmark 10-year Treasury yields ticked up, making dollar-priced, zero-yielding bullion less attractive.

“There’s nothing out there on the surface that says, gold should be positive. It’s a wait and see type of moment,” said Phillip Streible, chief market strategist at Blue Line Futures in Chicago. Investors now expect a 79% chance that the US central bank will hold interest rates at its June 13-14 policy meet, according to CME Group’s FedWatch tool, following 10 straight rate increases.