Spot gold was little changed at USD 1,306.56 an ounce, after losing 0.4% in the previous session, pressured by firmer equities. U.S. gold was also flat at USD1,307.30.

Gold was steady in early Wednesday trade after dipping overnight, but looked likely to hold above USD 1,300 an ounce as geopolitical tensions from crises in Ukraine and the Gaza strip brought safe-haven bids.

Tensions eased on Tuesday after a train carrying the remains of some of the victims arrived in Ukrainian government territory and separatist leaders gave Malaysian authorities the aircraft's flight recorders.

Emkay Commodity Research expects gold prices to move in a range to down for the day over its fading safe haven appeal and poor physical demand.

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