<p>Gold prices fell on Tuesday as risk appetite improved after US Federal Reserve officials calmed down inflation worries among investors, although the metal's losses were limited by a subdued dollar and bond yields. Spot gold slid 0.3% to $1,876.24 per ounce by 0250 GMT. US gold futures fell 0.4% to $1,876.30 per ounce. "The sentiment pendulum swung back to the bullish side overnight, after a procession of Federal Reserve officials talked down inflation risks.</p>.<p>That led to a broad-based recovery in equity markets and has seen gold's momentum temporarily halted," OANDA senior market analyst Jeffrey Halley said. "Gold's critical support level lies around $1,845 an ounce, its 200-day moving average.</p>.<p>As long as it holds above there, the uptrend remains intact." St. Louis Fed President James Bullard said he expects the inflation rate to be above 2% both this year and the next but several Fed officials, including Bullard, continued to support the central bank's policy in separate remarks.</p>.<p>Asian shares climbed in early trade, tracking a Wall Street rally overnight, as investors tempered fears about inflation-driven rate hikes. Meanwhile, Bitcoin jumped more than 10% during a surge in cryptocurrencies on Monday, regaining some ground lost due to a sell-off over the weekend.</p>.<p>Offering some respite to gold, the dollar was languishing near four-month lows against major currencies, while US Treasury long-dated yields fell to two-week lows. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. Holding of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1046.12 tonnes on Monday from 1042.92 tonnes on Friday.</p>.<p>Elsewhere, palladium rose 0.5% to $2,741.19 per ounce, after falling to a one-month low on Monday. Silver fell 0.7% at $27.60 per ounce, while platinum was steady at $1,174.</p>
<p>Gold prices fell on Tuesday as risk appetite improved after US Federal Reserve officials calmed down inflation worries among investors, although the metal's losses were limited by a subdued dollar and bond yields. Spot gold slid 0.3% to $1,876.24 per ounce by 0250 GMT. US gold futures fell 0.4% to $1,876.30 per ounce. "The sentiment pendulum swung back to the bullish side overnight, after a procession of Federal Reserve officials talked down inflation risks.</p>.<p>That led to a broad-based recovery in equity markets and has seen gold's momentum temporarily halted," OANDA senior market analyst Jeffrey Halley said. "Gold's critical support level lies around $1,845 an ounce, its 200-day moving average.</p>.<p>As long as it holds above there, the uptrend remains intact." St. Louis Fed President James Bullard said he expects the inflation rate to be above 2% both this year and the next but several Fed officials, including Bullard, continued to support the central bank's policy in separate remarks.</p>.<p>Asian shares climbed in early trade, tracking a Wall Street rally overnight, as investors tempered fears about inflation-driven rate hikes. Meanwhile, Bitcoin jumped more than 10% during a surge in cryptocurrencies on Monday, regaining some ground lost due to a sell-off over the weekend.</p>.<p>Offering some respite to gold, the dollar was languishing near four-month lows against major currencies, while US Treasury long-dated yields fell to two-week lows. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. Holding of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1046.12 tonnes on Monday from 1042.92 tonnes on Friday.</p>.<p>Elsewhere, palladium rose 0.5% to $2,741.19 per ounce, after falling to a one-month low on Monday. Silver fell 0.7% at $27.60 per ounce, while platinum was steady at $1,174.</p>