U.S. Comex gold futures for August delivery remained down by 0.04%. Gold was steady just below USD 1,320 an ounce as markets awaited the minutes of the Federal Reserve's June policy meeting to gauge the U.S. central bank's outlook for the economy and interest rates.

A strong U.S. jobs report stoked fears of an earlier-than-expected rate hike in the world's largest economy. Investors will be watching minutes of the Fed policy meeting expected later today for clues on the timing of a rate hike. SPDR Gold Trust, the world's largest gold-backed exchangetraded fund, said its holdings rose 2.09 tonnes to 800.28 tonnes on Tuesday. Dubai's Gold and Commodities Exchange could launch a spot silver contract after its first spot gold contract is offered this quarter.

Emkay Commodity Research expects gold prices to remain in a range to higher for the day over positive physical buying in ETF markets and ongoing tensions in the market.

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