Gold snapped a two-day losing streak on Tuesday as geopolitical tensions and fund inflows boosted the safe-haven metal, but gains were kept in check by strength in equities and the dollar.
Equity markets rose after Russian Foreign Minister Sergei Lavrov said all issues around a humanitarian convoy sent by Moscow to relieve needy areas of eastern Ukraine had been resolved. Moscow said it would like a ceasefire to allow aid to get to people trapped by the fighting.
Spot gold rose 0.2 percent to $1,299.35 an ounce by 0332 GMT, after dropping 0.6 percent in the previous session. U.S. gold gained about $1 to $1,300.70.
Gold has gained about 8 percent this year, largely because of geopolitical tensions as it is seen as a good alternative to riskier assets.
Spot gold may rebound to $1,307, as it failed to break support at $1,296 per ounce ,other precious metals also got a boost.
Silver rose 0.2 percent, moving off a two-month low hit in the previous session, while palladium was not too far from a 13-year high, supported by worries over supplies from top producer Russia and strong demand prospects.
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