Risk aversion sentiment may rise, however, due to recent global developments including the North Korean missile test and the massive "ransomware" cyber attack, lifting gold prices over the next two weeks, said Mark To, head of research at Hong Kong's Wing Fung Financial Group.
Spot gold may rise more to $1,245 per ounce, as it has cleared a resistance at $1,233, according to Reuters technical analyst Wang Tao.
Among other precious metals, silver rose 1.16 percent to $16.78 an ounce.
"Although there is increasing evidence of a bottom being formed in both gold and silver, we would like to see a bit more "staying power" before choosing to engage more aggressively on the long side," INTL FCStone analyst Edward Meir said.
Platinum held near a two-week high hit on Monday, climbed 0.94 percent to $936.24 per ounce.
Producers, fabricators and traders have gathered for the Platinum Week in London.
Palladium lost 0.75 percent to $790.50 an ounce.